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TheStreet Open House

Boeing Honors 17 Suppliers For Exceptional Performance

Stocks in this article: BA





CHICAGO, April 19, 2013 /PRNewswire/ -- Boeing (NYSE: BA) honored 16 companies and one university last night with its Supplier of the Year awards, recognizing those organizations' exceptional performance and contributions to Boeing's success during 2012.

The awards are based on meeting or exceeding quality, on-time delivery, post-delivery support and affordability goals, and demonstrating the ability to anticipate and respond to changing requirements.

"We count on these important partners to help us deliver market-leading products and services that satisfy our customers," said Jim McNerney, Boeing chairman, president and CEO. "They represent the best of a high-performing, global supply chain that keeps us at the forefront of technology and innovation."

Each year, Boeing buys more than $50 billion in goods and services from more than 23,000 suppliers around the world.

"These partners are critical to helping Boeing provide our customers the most affordable, highest-quality products and services possible," said Jack House, leader of Boeing's Supplier Management program. He added Boeing must have a global supply chain that is capable of recognizing and reducing risk, while demonstrating a strong commitment to customer service and consistent performance excellence.

In 2012, Boeing's global supply chain contributed more than 60 percent of the value of its products, helping the company recapture market share leadership in commercial aerospace. Boeing delivered 601 airplanes – the most in more than a decade – including a single-year record of 415 737s and the 1,000th 777. Suppliers also supported delivery of 144 production military aircraft, including the first Block C V-22 Osprey and P-8A Poseidon for the U.S. Navy and 10 satellites.

The list of award categories and recipients follows below. For more information on each supplier, click on the link. Each supplier is also profiled in this video gallery.

Aerospace Support Kaman Engineering ServicesEverett, Wash.

Avionics Ball Aerospace & Technologies Corp.Westminster, Colo.

Common Aerospace Commodities TW Metals, Inc.Woodinville, Wash.

Diversity Victory Solutions, Inc.Huntsville, Ala.

Electronics/Hydraulics/Mechanical The Goodyear Tire & Rubber CompanyDanville, Va.

Interiors TEAGUESeattle

International Infotech EnterprisesHyderabad, India

Non-Production RB ENTERPRISES – Mukilteo, Wash.

Major Structures Korea Aerospace Industries, Ltd. – Sacheon City, Republic of Korea

Outside Manufacturing Folsom Tool Corp.Aston, Penn.

Technology NextGen Aeronautics, Inc.Torrance, Calif.

Leader's Choice Awards

Academia (outstanding performance as a strategic university) California State University, Long Beach – College of EngineeringLong Beach, Calif.

Advantage (exceeding cost performance goals and objectives) PETERSEN INCORPORATEDOgden, Utah

Alliance (sharing risks in introduction of new products) LMI Aerospace, Inc.St. Charles, Mo.

Skanska USASeattle

Pathfinder (outstanding performance improvements) Quality Tech Mfg, Inc.Ontario, Calif.

Korean Air Aerospace DivisionBusan, Korea

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