~ Eleven Singapore companies feature in the A-list of Award recipients ~
SINGAPORE , March 5 /PRNewswire/ -- Frost & Sullivan today hosted the prestigious 2009 Frost & Sullivan Asia Pacific Aerospace and Defense awards that showcased the region's best players. In its second consecutive year, the Aerospace & Defense Awards honored 27 companies across nine award categories. The banquet saw about 180 senior industry-members, C-suite executives and government officials at a glamorous evening gala.
Of those in attendance to receive their coveted titles were the who's who of the industry like Groeger Sebastian, Senior Vice President & Head of ASEAN of Jet Aviation; Lim Swee Nian , Deputy Executive Director, Industry Development Science and Engineering Research Council, A*STAR; T. C. Chan , Vice President & Managing Director Asia Pacific, Rockwell Collins; Gary Nutter , Chief Executive Officer, Singapore Aero Engine Services and Yeo Kia Thye , Director - Airport Operations, Singapore Changi Airport; amongst several others.
The Awards seek to showcase best practices in the industry segments which are synonymous with Frost & Sullivan's in-depth analysis and coverage of these industries. In keeping with our time-honored commitment in pursuit of excellence and innovation, the awards offered are carefully reviewed and evaluated to reflect the current market landscape and include new emerging sectors.
The awards are based on extensive market engineering tools evolved by Frost & Sullivan. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
"Running into its second year, once again we are hosting this momentous congregation in Singapore . The 2009 Frost & Sullivan Asia Pacific Aerospace & Defense Awards has acted as a platform to recognize the best practices within the aviation industry, defense and homeland security segments," says Mr. Subhranshu Sekhar Das, Director of Asia Pacific Aerospace & Defense practice at Frost & Sullivan.
He further added that, "In 2009 we will not only recognize the industry stalwarts as the tradition goes, but also many pioneers from within the industry. The practice of continuously identifying and honoring innovations and best practices is a key ingredient to make improvements in technology, marketing, operations and production. This promotes better practices and the higher levels of doing business and will pave the way through difficult times. The industry looks forward to work more closely than ever before in 2009 and expects to learn and share a lot along the way.
Although the Aerospace & Defense industry has grown to a very mature one over the last hundred years, it has never stopped fascinating the industry with its innovative best practices. The last twelve months of high fuel prices, increasing costs of factors of production and consolidations have made the fraternity pass through a litmus test, which have not only left the industry more mature than ever before, but also equipped it with a basket of best practices.
The companies commended as award recipients are those that have displayed exemplary achievements in areas such as market leadership, marketing strategy, business development strategy, market penetration, customer service, growth strategy and product line strategy, amongst others. Also, qualities such as diligence, perseverance, innovation and dedication required to develop a successful business plan and excel in the increasingly competitive global marketplace are pre-requisites of the illustrious award recipient.
Frost & Sullivan congratulates all the outstanding recipients of the 2009 Frost & Sullivan Asia Pacific Aerospace & Defense Awards
The AAIS is the supporting organisation for the awards banquet along with IE Singapore, Singapore Exhibition and Convention Bureau and Uniquely Singapore. Aerospace Singapore , Asian Airlines & Airports, Asian Defense & Diplomacy and Asian Military Review were the supporting media partners while PR Newswire was the official wire for the awards.
For complete information on the awards please visit www.frost.com/aeroawards2009
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 31 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.
SOURCE Frost & Sullivan