Ceradyne Ranks First for Small Aerospace, Defense Companies (posted 6/22/09)
Ceradyne, Inc. recently announced that for the second consecutive year, Aviation Week has ranked it first in financial performance among U.S. publicly traded aerospace/defense companies with annual revenue of $250 million to $1 billion. Ceradyne's number-one ranking was based on four categories: return on invested capital, earnings momentum, asset management and financial health.
“We are pleased that for the second year in a row, Ceradyne-in a very competitive field-has been recognized by Aviation Week as the number-one company in financial performance,” said Joel P. Moskowitz, Ceradyne president and chief executive officer. A list of the 29 companies in the $250 million to $1 billion 2009 Top-Performing Companies study is available at www.aviationweek.com/TPC.
Ceradyne also recently announced that it has received an $8.3 million delivery order from the U.S. Marine Corps, Quantico, Va., for enhanced small arms protective inserts (ESAPI). The order is expected to be delivered in full by September 2009.
“We are pleased to receive this Marine order,” said David Reed, president of North American Operations. “This order is a delivery order against a larger indefinite delivery/indefinite quantity (ID/IQ) contract previously announced. Ceradyne only records as backlog orders with firm delivery dates, such as this $8.3 million release. Ceradyne is also pleased with the knowledge that we continue to save the lives of American fighting men and women. With our armor facilities in Lexington, Kentucky, and Costa Mesa and Irvine, California, we intend to fully meet the delivery and quality requirements of this new order.”
Additional information about the company can be found at www.ceradyne.com.