TORONTO and AUSTIN, Texas, Oct. 18 /CNW/ - Celestica Inc. (NYSE, TSX: CLS), a global provider of innovative electronics manufacturing services (EMS), and its U.S.-based subsidiary, Celestica Aerospace Technologies Corporation, today announced that Celestica Aerospace Technologies Corporation has been presented with Raytheon Missile Systems' prestigious Three Star Supplier Excellence Award in recognition of its outstanding performance over the past year. This is the second consecutive year the company has received the award.
Raytheon's Supplier Excellence Program rewards suppliers that consistently demonstrate commitment and accountability for performance excellence. Celestica Aerospace Technologies Corporation was rated "Exceptional" based on Raytheon Missile Systems' Supplier Rating System. This was driven by key achievements, including a sustained 97 per cent delivery rating and a 99 per cent quality rating over the last 12 months.
"We are very proud to be honored by Raytheon Missile Systems for the second year in a row," said Peter Lindgren, Senior Vice President and General Manager of Celestica's Industry Markets Segment. "This award speaks to our strong focus on the key attributes that Raytheon seeks in a partner, particularly the delivery of flexibility, speed and innovation in response to their changing needs."
"Celestica continues to be one of our outstanding suppliers," said Donna Ellington, Vice President of Raytheon Missile Systems' Supply Chain organization. "Raytheon is dedicated to providing its customers with products that work the first time and every time. Celestica helps us achieve that vision every day."
Ms. Ellington presented the award to Michael McGuire, Celestica's Vice President of Business Development, Industry, Aerospace and Defense at Raytheon's annual Partner's Forum in Tucson, Arizona in August.
Since 2004, Celestica has experienced rapid growth in the aerospace and defense sectors. The company continues to invest in its Centers of Excellence across the Americas, Europe and Asia - providing flexible solutions with a specific focus on manufacturing and engineering for complex products, often with high-mix, low-volume requirements.
About Celestica
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Celestica is dedicated to providing innovative electronics manufacturing services that accelerate our customers' success. Through our efficient global manufacturing and supply chain network, we deliver competitive advantage to companies in the computing, communications, consumer, industrial, and aerospace and defense end markets. Our employees share a proud history of proven expertise and creativity that provides our customers with the flexibility to overcome any challenge.
About Celestica Aerospace Technologies Corporation
Celestica Aerospace Technologies Corporation is a U.S. company providing advanced electronics manufacturing and supply chain services to the aerospace and defense industries. With manufacturing capability in the Americas, Europe and Asia, our mission is to enhance the competitive performance of aerospace and defense companies through a broad range of technology services - including the design, manufacture and support of high-reliability electronics systems that provide operational control, monitoring, communications, and information superiority in rigorous military and aerospace environments.
Celestica Aerospace Technologies Corporation is a wholly owned subsidiary of Celestica, a provider of innovative electronics manufacturing services with more than 42,000 employees, over 30 locations in 16 countries worldwide, and 2006 revenues of US$8.8 billion.
For further information on Celestica, visit its website at http://www.celestica.com.
The company's security filings can also be accessed at http://www.sedar.com and http://www.sec.gov.
Celestica Safe Harbour and Fair Disclosure Statement
This news release contains forward-looking statements related to our future growth, trends in our industry, our financial and or operational results, and our financial or operational performance. Such forward-looking statements are predictive in nature, and may be based on current expectations, forecasts or assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from the forward-looking statements themselves. Such forward-looking statements may, without limitation, be preceded by, followed by, or include words such as "believes," "expects," "anticipates," "estimates," "intends," "plans," or similar expressions, or may employ such future or conditional verbs as "may", "will", "should," or "would," or may otherwise be indicated as forward-looking statements by grammatical construction, phrasing or context. The risks and uncertainties referred to above include, but are not limited to: variability of operating results among periods; inability to retain or grow our business due to execution problems resulting from significant headcount reductions, plant closures and product transfer associated with major restructuring activities; the effects of price competition and other business and competitive factors generally affecting the EMS industry; the challenges of effectively managing our operations during uncertain economic conditions; our dependence on a limited number of customers; our dependence on industries affected by rapid technological change; the challenge of responding to lower-than-expected customer demand; our ability to successfully manage our international operations; and delays in the delivery and/or general availability of various components used in the manufacturing process. These and other risks and uncertainties and factors are discussed in the Company's various public filings at www.sedar.com and www.sec.gov, including our Form 20-F and subsequent reports on Form 6-K filed with the Securities and Exchange Commission.
We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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