“We have an incredible opportunity to make a real difference” – Panther’s chief executive
Posted September 21, 2018 06:08:00By Caitlin HughesThis week we are taking a look at some of the big business stories to hit the headlines over the last month, and the implications of all this activity.
First up is Panther, the US-based logistics company.
The company is building an automated logistics network for the US military, and it will be one of the first to launch commercial services to be delivered by a private contractor.
The military is a huge customer for Panther and the logistics industry in general.
Panther is looking to expand the business to include both the military and the commercial market, so it has already secured contracts with several large companies, including Boeing, Lockheed Martin and Honeywell.
But the company is also looking to the private sector, and has secured contracts from the likes of General Dynamics, which is building the Atlas V rocket, and Northrop Grumman, which will be building a Predator drone.
The US military and commercial companies are inextricably linked, and they have both been looking to grow their logistics business, particularly in the wake of a series of major accidents.
One such accident was in April this year when a single tank exploded, killing 16 soldiers.
“We are seeing a tremendous amount of activity from the private market,” said Panther CEO Brian McPherson.
“The private market is the next frontier for us, and we’re looking forward to continuing to build upon our footprint and our success.”
Panthers goal is to create a logistics network that is as efficient as possible, and to have the capacity to provide services for the military’s entire operations.
He said that the logistics company has already signed contracts for delivery of drones and a Predator fighter plane.
“[The contract] with Northrop is the first of its kind.
It’s going to be a world-class contract for a US government contractor,” he said.
A similar deal is in the works with Honeywell, which has also signed contracts with Panther.
But what does that mean for the future?
“The company has a long-term vision of being able to provide logistics for all US military operations, not just in the military, but also for commercial customers,” said McPhers partner, Matt Buehler, in a press release.
Buehler said the contracts with Honeycombs and Northrup Grummans were aimed at ensuring the military would have a reliable, reliable and efficient logistics network, which he said would have “huge economic impact for our country”.
“This has been a massive opportunity for Panthers to grow the business, and now it’s time for us to make the next step and bring Panthers logistics network to the military.”