Timo Lunceford , CEO of Liberty Lake-based Swiss Productions , is one of those partners — a customer and a supplier to Altek . He weighed in on diversification at Altek . He shared that Swiss Productions is a precision screw machine shop with tight tolerances for medical , aerospace , automotive , and semiconductor industries . “ We are diversified ,” he said of his own business . He explained that the medical sector is now buying less , but the military is buying rifle parts . He also shared that the irrigation parts made in Walla Walla , Washington , are doing well and have performed well for 40 years .
Lunceford said they provide 3,000 space washers a month to Altek , as a supplier for use in commercial aerospace cockpits . Conversely , Altek produces military parts for them . “ We are cross-pollinating . There are niches we can do for each other ,” Lunceford said . He added that although they ’ ve only worked with Altek for a couple years , it is a solid relationship . Rick Taylor told Lunceford about their partnership , “ It ’ s perfect ; we want Swiss Productions to be an extension of our company .”
Lunceford feels Altek is diversified and added , “ You can ’ t put all your eggs in one basket . If something happens to one industry or customer , it changes the dynamics for your employees and customers .”
To that point , Taylor said they ’ ve been involved with the aerospace industry for 30 years , half of that time as a certified AS9100 supplier . They work indirectly with the defense industry on Tomahawk missiles through Rockwell and Raytheon International . They also support the space industry and have done so for about three years .
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