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|Raytheon Selects Seven Companies for Supplier Excellence Awards|
EL SEGUNDO, Calif., May 11, 2007 /PRNewswire/ -- Raytheon Company (NYSE: RTN) presented supplier excellence awards Wednesday to seven companies for exceptional performance in 2006 for the company's Space and Airborne Systems business, which reported sales of $4.3 billion for the year.
"These awards are special because in our business, stakes are high," said Dina Hyde, vice president for supply chain management at Space and Airborne Systems. "Men and women in uniform depend on our products to work every time in critical and dangerous missions. Just as we commit to the highest standards of excellence and Mission Assurance in serving our customers, we expect the same from our suppliers. Our honorees demonstrated that commitment throughout 2006."
The suppliers were measured by such standards as quality and delivery performance, customer satisfaction, and total business and financial health. They were also judged by opinions of their performance gleaned from Raytheon buyers who deal with them daily.
The honorees are Bob Lewis Machine Company Inc. of Gardena, Calif.; Danish Aerotech of Ballerup, Denmark; Green Hills Software Inc. of Santa Barbara, Calif.; Model Products Inc. of Albuquerque, N.M.; Century Electronics of Westlake, Calif.; Shock Tech Inc. of Monsey, N.Y.; and Thales Nederland BV of Hengelo, Netherlands.
Bob Lewis launched his company in 1976 in the garage of his home in Torrance, Calif. Now located in a modern 10,000-square-foot facility in nearby Gardena, this minority-owned business with 19 employees provides precision parts for a variety of airborne programs.
Danish Aerotech specializes in producing mechanical and electronic components, developing subassemblies for aircraft, helicopters, missiles and targeting systems, and integrating modular systems. It also performs aircraft maintenance, repair and overhaul services.
For more than a decade, Green Hills Software has provided systems for mission-critical product lines. The contributions of Green Hills include software development tools and certification and other consulting services.
Model Products, founded in 1971, is a woman-owned disadvantaged business. Its 10 employees provide close-tolerance precision machining of miniature to medium-size parts such as screws and specialized hardware for various Raytheon programs in McKinney, Texas.
Century Electronics designs and manufactures power supplies, converters and inverters for space and aerospace applications. Century is a prime supplier for a Raytheon plant in Forest, Miss.
The 40 employees of Shock Tech make shock and vibration isolator parts for Raytheon's Advanced Targeting Forward-looking Infrared pod. The ATFLIR is a state-of-the-art airborne multi-sensor system that provides navigation and targeting capabilities in a single pod.
Thales Nederland BV supplies major electro-mechanical assemblies for various Raytheon programs located at McKinney. Founded in 1922, the organization has maintained an outstanding on-time delivery and quality rating for the past two years.
Raytheon Space and Airborne Systems is a leading provider of sensor systems giving military forces the most accurate and timely actionable intelligence available for the network-centric battlefield. With 2006 revenues of $4.3 billion and 12,000 employees, SAS is headquartered in El Segundo, Calif. Additional facilities are in Goleta, Calif.; Forest, Miss.; Dallas, McKinney and Plano, Texas; and several international locations.
Raytheon Company, with 2006 sales of $20.3 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 85 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 73,000 people worldwide.