LEDA
CORPORATION
Originally a toy maker, Joseph Tung’s interest in
design led to a career in aeronautical engineering. He
began working for Boeing but decided to start his own
company. In 1985, he founded the LEDA CORPORATION with
the help of his wife. The company specializes in electromechanical
package design and adheres to a high standard of perfection.
The company grosses $6-7 million a year, 90% of which
is for Boeing. LEDA Corp. supplies aeronautical and electromechanical
equipment mostly for Boeing’s defense, not commercial,
purposes. LEDA Corp. is part of Boeing’s mentor/protégé
program. Boeing offers resources that benefit LEDA Corp.
by teaching them about new technology. The goal is to
enhance LEDA’s capabilities, enabling them to compete
for more complex awards. Joseph is excited about the program,
which he believes will help his small business become
a medium-size business.
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FRONTIER
ELECTRONICS SYSTEM
In 1973, Peggy Shreve began FRONTIER ELECTRONIC SYSTEMS
in Stillwater, Oklahoma. With a background in accounting
and her husband’s background in engineering, she
started manufacturing electronic equipment in her kitchen.
Frontier’s reputation grew, and in 1982, they won
a multi-million dollar contract with the United States
Navy in California. The company supplies electronic equipment
and technical services and counts the United States government
as one of its clients. Their design, development, and
manufacturing support many high technology programs for
NASA, the U.S. Navy and Air Force, and the Boeing Company.
In 2005, Frontier Electronic Systems was named Boeing
Supplier of the Year n the small business category. Peggy
believes that her association with the Boeing Company
is an excellent partnership that allows Frontier to grow
in the right direction.
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In
Secrets of Success, Bill Sornstein of Succession
Strategies (www.succession-strategies.com) discusses the need
for a board of advisors to provide insight, advice, and different
perspectives.
Studio Guest Daniel Korte, vice-president of
supplier management and procurement for Boeing Integrated Defense
Systems, describes how to become a Boeing supplier. He advises
that companies present the unique capabilities they can offer
Boeing. He also suggests that minority or disadvantaged companies
locate one of Boeing’s diversity offices to become a supplier.
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