LAI International Named to Inc. 5000 for Fourth Consecutive Year |
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LAI International, Inc. (East)
1110 Business Pkwy. S.
Westminster, MD, 21157
USA
Press release date: August 20, 2010
SCOTTSDALE, ARIZ., Aug. 20, 2010 - LAI International, Inc., strategic supplier of precision components and subassemblies for original equipment manufacturers, has once again been ranked among the fastest-growing private companies in America by Inc. magazine. This positions LAI among the year's fastest-growing and most-promising private manufacturing businesses in the United States.
"We're extremely pleased Inc. has recognized LAI International's success again this year," Matt Kalina, Director of Marketing, LAI International, said. "It's exciting that LAI has earned a spot on the Inc. 5000 every year since the list began in 2007."
LAI earned the position of 2,666 on the Inc. 5000 list. The company was ranked 3,688th on the list in 2007, the inaugural year of the Inc. 5000. Inc.'s list recognizes the significant accomplishments of the 5,000 fastest growing privately-owned businesses in the country, based on percentage growth in company net sales over a four-year period. To qualify, companies must be U.S.-based and privately held, independent and have had at least $200,000 in revenue in 2005, and $2 million in 2009.
LAI showed revenue growth of 53.5 percent in the last three years, according to Vinnie Caliendo, CFO of LAI International.
"For more than 30 years, Inc.'s List has served as evidence o f the significant accomplishments of enterprises such as yours," Jane Berentson, editor, Inc. magazine, said in a letter to LAI. "And, more than ever, this year's list is a testament to the creativity, resilience, and tenacity of America's top entrepreneurs.
"As an Inc. 5000 honoree, LAI International shares a prestigious pedigree with such notable alumni as Intuit, Zappos, Under Armour, Microsoft, Jamba Juice, Timberland, Visa, Clif Bar, Patagonia, Oracle, and scores of other powerhouses. Inc. recognizes the creativity, dedication, and hard work that have gone into building LAI International into what it is today and wishes you many more years of success."
About LAI International
LAI International, Inc. is a leading contract manufacturer of make-complete precision-engineered components and assemblies for aerospace, power generation, defense, medical and other advanced technology industries. The company's technology, engineering and manufacturing solutions are used to build components for airframes, aircraft engines, power generators, defense systems, medical devices and other industrial applications.
LAI has developed strategic relationships with leading global OEMs and operates five U.S. manufacturing facilities, with locations in Minneapolis, Phoenix, Tucson, Westminster, Md., and Scarborough, Maine - all of which are IS0 9001:2008 and AS9100 certified. The company also offers Nadcap-certified conventional and non-conventional machining processes.
LAI has developed innovative applications in advanced machining processes, including waterjet cutting and drilling, laser cutting, drilling, welding and heat-treating, EDM drilling, CNC EDM, high-speed EDM, conventional CNC machining, five-axis CNC machining and precision five-axis grinding. The company also provides gage calibration, tooling production, air-flow inspection and additional manufacturing services.
For more information, see www.LAIco.com.
Quick Facts about LAI International
- Five U.S. manufacturing facilities: Phoenix, Tucson, Minneapolis, Westminster, Md., and Scarborough, Maine - Corporate headquarters located in Scottsdale, Ariz. - Founded in 1979 - ISO 9001 | AS9100 | Nadcap certified - GE Customer Impact of the Year Award winner - Lockheed Martin Corporate STAR Supplier - Northrop Grumman Platinum Source Preferred Supplier - ACE Corporate Excellence Award winner, 2008-10 - An Inc. 5000 fastest-growing private U.S. company, four-time award winner, 2007-10
Matt Kalina Director of Marketing LAI International, Inc. Corporate Headquarters Scottsdale, AZ USA 480.348.5942 ext. 365 MKalina@LAIco.com LAIco.com
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