LAI wins two ACE corporate excellence awards
Company recognized for growth, revenue
SCOTTSDALE, Ariz., Sept. 5, 2008—LAI International, Inc., strategic supplier of precision components and sub-assemblies for original equipment manufacturers, has announced it has won two ACE Awards for corporate excellence.
LAI won awards for top-25 fastest-growing private company and for top-50 private company ranked by revenue by the Arizona Corporate Excellence Awards. LAI was the only industrial manufacturing company to win either award.
“These awards, which follow being named to the Inc. 5000 list, are an acknowledgement of a winning combination of technical innovation, exceptional customer service and strong revenue growth that has defined LAI,” Stewart Cramer, president of LAI, said. “We will continue to concentrate on achieving operational excellence and aggressively growing revenue in our top market sectors--power generation, aerospace and defense-related industries. And, the company and our people are not slowing down, as this year is set to be our most profitable yet.”
With a compound annual growth rate of 41 percent in the last two years, LAI is ranked as eleventh fastest-growing private company in Arizona.
The ACE Awards measure 2007 revenue and a formula based on revenue growth over a two-year period.
About LAI International
LAI is the premier manufacturer of precision engineered components and assemblies for aerospace, power generation, defense and other advanced technology industries. The company is a major supplier of finished goods. Its technology, engineering and manufacturing solutions are the lifeblood of airframes, aircraft engines, power generators, defense systems and other mission-critical applications. LAI is the largest precision contract manufacturer in its class with the fastest growth as ranked by Inc. Magazine.
LAI has longstanding and strategic relationships with all leading global players in every area of their operations, including Boeing, Eaton, GE, Lockheed Martin, Northrop Grumman, Pratt & Whitney, Rolls-Royce, Siemens, Timken, and more than 70 percent of Fortune 500 global manufacturers.
LAI operates five manufacturing facilities, dispersed in key manufacturing regions across North America, with locations in Minneapolis, Phoenix, Tucson, Westminster, Md., and Scarborough, Maine—all of which are ISO 9001:2000 and AS9100 certified. The company also offers NADCAP certified non-conventional machining processes.
For more information, see www.LAIco.com..
Quick Facts: LAI International, Inc.
- Founded: 1979
- Five U.S. mfg. facilities: Phoenix, Tucson, Minneapolis, Westminster, Md., and Scarborough, Maine
- Headquarters: Scottsdale, Ariz.
- All facilities ISO 9001:2000 | AS9100 certified
- An Inc. 5,000 fastest-growing company