Ceradyne Again Ranks First in Aviation Week Study of Small Aerospace/Defense Companies
June 17 2009 - 7:30AM
Business Wire
Ceradyne, Inc. (Nasdaq:CRDN) 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 �
within 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 twenty-nine companies in the $250 million to $1 billion
2009 Top-Performing Companies (TPC) study is available at
http://www.aviationweek.com/TPC.
During a ceremony at the Paris Air Show on June 17, Eddie
Belfield, Ceradyne�s European Marketing Manager, accepted an award
on behalf of the Company in recognition of its placement in the
Aviation Week study.
Ceradyne develops, manufactures, and markets advanced technical
ceramic products and components for defense, industrial,
automotive/diesel, and commercial applications. Additional
information about the Company can be found at www.ceradyne.com.
Except for the historical information contained herein, this
press release contains forward-looking statements regarding future
events and the future performance of Ceradyne that involve risks
and uncertainties that could cause actual results to differ
materially from those projected. Words such as "anticipates,"
"believes," "plans," "expects," "intends," "future," and similar
expressions are intended to identify forward-looking statements.
These risks and uncertainties are described in the Company's Annual
Report on Form 10-K for the fiscal year ended dated December 31,
2008 and its Quarterly Reports on Form 10-Q as filed with the U.S.
Securities and Exchange Commission.
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