RBC Bearings Wins Embraer 2013 Supplier Of The Year Award
RBC Bearings Incorporated (Nasdaq: ROLL), a leading international
manufacturer of highly-engineered precision, plain, roller and ball
bearings for the industrial, defense and aerospace industries, today
RBC Bearings Incorporated (Nasdaq: ROLL), a leading international manufacturer of highly-engineered precision, plain, roller and ball bearings for the industrial, defense and aerospace industries, today announced that the Company has received the 2013 Supplier of the Year Award from Embraer. RBC Bearings received this prestigious award out of a select group of over 400 Hardware suppliers to Embraer. “We are extremely pleased to accept this notable award from Embraer,” said Dr. Michael J. Hartnett, Chairman and Chief Executive Officer of RBC Bearings. “To receive this recognition from Embraer is an affirmation of our core operating principles and culture, and we will continue to strive to exceed our Aerospace and Industrial customers’ expectations with our operating flexibility and highly engineered solutions.” Over the last 12 months, RBC Bearings has enabled Embraer to maintain its high level of customer support by providing products on a timely basis in support of Embraer’s expedited needs while also delivering new products to support Embraer’s competitiveness and technological advancements. About Embraer Embraer S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) is the world’s largest manufacturer of commercial jets up to 120 seats, and one of Brazil’s leading exporters. Embraer’s headquarters are located in Sao Jose dos Campos, Sao Paulo, and it has offices, industrial operations and customer service facilities in Brazil, China, France, Portugal, Singapore, and the U.S. Founded in 1969, the Company designs, develops, manufactures and sells aircraft and systems for the commercial aviation, executive aviation, and defense and security segments. It also provides after sales support and services to customers worldwide. For more information, please visit www.embraer.com.br. About RBC Bearings RBC Bearings Incorporated is an international manufacturer and marketer of highly engineered precision bearings and components. Founded in 1919, the Company is primarily focused on producing highly technical or regulated bearing products requiring sophisticated design, testing, and manufacturing capabilities for the diversified industrial, aerospace and defense markets. Headquartered in Oxford, Connecticut, RBC Bearings currently employs approximately 2,233 people and operates 25 manufacturing facilities in four countries.
Bank of America upgraded RBC Bearings (ROLL) to "buy" from "neutral" and set a $75 target price. The firm noted aerospace and defense demand remains strong and the worst of the industrial business is likely already behind the company.