ST. LOUIS, April 19, 2013 (GLOBE NEWSWIRE) -- LMI Aerospace, Inc. (Nasdaq:LMIA), a leading provider of design engineering services and supplier of structural assemblies, kits and components to the aerospace and defense markets, today announced that the company has been recognized as a Supplier of the Year in the Leaders Choice-Alliance category by The Boeing Company. LMI was one of 16 companies honored last night for distinguished performance in working with Boeing.
In January, LMI was notified that it was one of five Leaders Choice recipients that received special nomination, which is necessary in achieving this designation. The award acknowledges superior performance and labels Supplier of the Year winners as best of the best.
"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 function. He added that 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.
This year's winners represent an elite group among more than 23,000 active Boeing suppliers in nearly 52 countries around the world. This selection of the Leaders Choice category recipients was based on performance criteria such as competitive advantage, exceeding cost performance, outstanding improvements during the award year and contribution to new products.
"All of our employees are very proud of the Leaders Choice award by Boeing. We've partnered with Boeing for many years and are grateful for the recognition," said Ronald S. Saks, Chief Executive Officer of LMI.
"The award was due, in part, to LMI's efforts to mentor three suppliers in South Carolina. We approached Boeing with the mentoring suggestion and provided strategic leadership, technical knowledge, and functional best practices in collaborating with the businesses. We were pleased not only with the reception of the suppliers and Boeing, but also with the development opportunity it provided for the support team that worked on the project. We are continuing our support of the mentoring program as we have found it to be a truly rewarding experience for all involved."
For more information on the Boeing Supplier of the Year award, including a complete list of award recipients, visit http://boeing.mediaroom.com/index.php?s=43.
About LMI Aerospace:
LMI Aerospace, Inc. ("LMI") is a leading supplier of structural assemblies, kits and components and provider of design engineering services to the aerospace and defense markets. Through its Aerostructures segment, the company primarily fabricates machines, finishes, integrates, assembles and kits machined and formed close tolerance aluminum, specialty alloy and composite components and higher level assemblies for use by the aerospace and defense industries. It manufactures more than 40,000 products for integration into a variety of aircraft platforms manufactured by leading original equipment manufacturers and Tier 1 aerospace suppliers. Through its Engineering Services segment, operated by its D3 Technologies, Inc. subsidiary, the company provides a complete range of design, engineering and program management services, supporting aircraft product lifecycles from conceptual design, analysis and certification through production support, fleet support and service life extensions via a complete turnkey engineering solution.
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