Pegasus is a division of Leggett & Platt’s Aerospace Group. Leggett & Platt (NYSE: LEG) is a diversified manufacturer (and member of the S&P 500) that conceives, designs and produces a variety of engineered components and products that can be found in most homes, offices and automobiles. The 133 year old firm is comprised of 17 business units, 20,000 employee-partners and 130 manufacturing facilities located in 19 countries.. We provide a family orientated work environment of trust, respect and open and honest communication without reprisal. We are constantly seeking productivity gains via continuous improvement, education of our workforce and application of new technology. Pegasus recognizes that profitability from diversified niche markets is a foundation for our growth through reinvenstment and an essential part of our success. Our success is also due in great part to our adoption and complete integration of a business strategy called Hoshin Kanri. Hoshin Kanri provides a disciplined structure for Pegasus to analyze its strengths, weaknesses & opportunities on a regular basis and develop initiatives (a/k/a “hoshins”) to address any gaps or opportunities.
This, in conjunction with our lean systems, helped to increase our sales by 48% in 2010, 32% in 2011 and is the basis for the doubling of our business since 2009 and year-over-year growth.
Our planning, execution and investment in our people and technology are the reasons why an international aerospace engine manufacturer recently awarded Pegasus an $18 million dollar multi-year contract to manufacture engine tube assemblies. This was followed up with the award of a $5 million dollar multi-year contract to manufacture submarine components.
Pegasus Manufacturing founded by Vincent DiPentima and and started with eight employees, including his son Todd DiPentima. Core focus: tube, wire, sheet metal and welded assemblies for construction industry
Acquired assets of Beaton & Corbin of Southington, Connecticut. Capabilities: tubular components, welded assemblies and contract manufacturing
Acquired Contours of Meriden, Connecticut. Core focus: tube, wire, sheet metal and welded assemblies
Acquired Triumph Manufacturing of East Hartford, Connecticut. Core focus: machining, turning, EDM, building tools, fixtures and gages
Acquired Smithtek Machine of Rhode Island. Core focus: production machining and turning
Built current 53,000 sq. ft. facility in Middletown, Connecticut.
Acquired Compair of Burlingame, California. Core focus: product line company specializing in area gages for turbine vanes, fuel control trimming equipment, and stator vane bending and measuring machines all to improve aircraft engine fuel efficiency
Awarded 300+ part number internal outsource package from Agusta, Italy. Tube & machined assemblies for aerospace rotary wing airframes
Received ISO 9001:2000 Certification
Largest Acquisition To Date – Precision Speed Manufacturing (PSM). Core focus: complex machining/gearing for the aerospace Industry for over 30 years
Recipient Of The UCONN Family Business Program Ulizio Award and The Small Business Administration Exporter of the Year Award
Pegasus Manufacturing reorganization: streamlined, less layers of management, quicker decision making. New President Chris DiPentima, retirement of Vincent DiPentima
Introduced Top Level Business Strategy that started Lean Journey through company wide basic lean and 5S training. Employee empowerment through ten week Leadership and Organizational Development Training
Created Strategic Framework using Hoshin Kanri Policy Deployment, formalized business strategy with more concentrated focus leading to our core competency mission statement. Conducted employee “Skip Level Meetings”, published first company newsletter. Process mapping of part families and resulting cell designs to achieve single piece flow prekitting line
Value Stream Map of 100% of business processes and AS9100 certification resulted in 90+ actions that reduced waste and increased throughput by six weeks.
Received Rolls-Royce Vendor Code and awarded transition package of 150+ tube assemblies with 100% successful FAIRs. Received G.E. Vendor Code for production and award of $8,000,000 LTA.
Created Upfront Value Stream Team to reduce lead time from estimating to job release to manufacturing. Invested over $1,000,000 to expand tube assembly capabilities. Integrated with NADCAP certification Orbital Fusion Welding, Xray, FPI & PT
Awarded tube package for Pratt Rocketdyne J-2X NASA program. Invested over $1,500,000 to further expand tube assembly capabilities. Purchased Okuma Lathe-Mill, Crippa Tube Bender, Press, Mezzanine, Part Marker and Wash Stations.
Reorganization into Value Streams. Independent Fabrication & Machining Value Streams identified for streamlined product flow and clear accountability; prioritizing with three supporting teams.
Recipient of Hartford Business Journal & Metro Alliance 2012 Overall Business Champion of the Year.
Invested $600,000 in FARO portable laser scanner, expanded FPI line and a 2nd Crippa electronic tube bender with 3.25” OD Capability and dedicated stack tooling for reduced setup times.