Wesco Aircraft Receives Supplier of the Year Performance Excellence Award From Commercial Aircraft Corporation of China, Ltd...
March 27 2017 - 9:00AM
Wesco Aircraft Holdings, Inc. (NYSE:WAIR), the world’s leading
provider of comprehensive supply chain management services to the
global aerospace industry, today announced that it has been
recognized for supplier performance excellence by Commercial
Aircraft Corporation of China, Ltd. (COMAC).
Wesco received the 2016 Supplier of the Year
Performance Excellence Silver Award from COMAC for outstanding
customer service and delivery performance. Wesco provides C-class
hardware, tooling and electronic components to support COMAC’s C919
and ARJ21 aircraft programs, and supplies chemicals to the COMAC
Aircraft Test Center in Shanghai for the ARJ21.
The award was presented to Wesco at the COMAC
Supplier Conference 2017, which was held March 21 at the Shanghai
Aircraft Design and Research Institute.
Dave Castagnola, Wesco Aircraft’s president and
chief executive officer, said, “We greatly value our relationship
with COMAC and are honored to be recognized with this award. It
underscores Wesco’s strong commitment to service excellence and our
ability to support customers around the globe. We look forward to
continuing our partnership with COMAC and contributing to its
ongoing success.”
Wesco, which currently operates 57 locations in
17 countries, established its China branch office in Shanghai in
2011. The company serves more than 8,000 customers globally,
including major original equipment manufacturers (OEMs), Tier One
suppliers and aftermarket service providers.
About Wesco Aircraft
Wesco Aircraft is the world’s leading
distributor and provider of comprehensive supply chain management
services to the global aerospace industry, based on annual sales.
The company’s services range from traditional distribution to the
management of supplier relationships, quality assurance, kitting,
just-in-time delivery and point-of-use inventory management. The
company believes it offers one of the world’s broadest portfolios
of aerospace products, including C-class hardware, chemical and
electrical and comprised of more than 565,000 active SKUs.
To learn more about Wesco Aircraft, visit our website at
www.wescoair.com. Follow Wesco Aircraft on LinkedIn at
https://www.linkedin.com/company/wesco-aircraft-corp.
Forward-Looking Statements
This document contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, which relate to future, not past, events and
are subject to risks and uncertainties. The forward-looking
statements, which address the company's expected business and
financial performance and financial condition, among other matters,
contain words such as: “continue,” “contribute” or similar words,
phrases or expressions. These forward-looking statements are
subject to various risks and uncertainties, many of which are
outside the company’s control. Therefore, the reader should
not place undue reliance on such statements.
Forward-looking statements by their nature
address matters that are, to different degrees, uncertain, such as
statements about expected business outcomes and growth. Although
the company believes the expectations reflected in such
forward-looking statements are based upon reasonable assumptions,
it can give no assurance that the expectations will be attained or
that any deviation will not be material. Readers are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of the date on which they are made.
Factors that could cause actual results to
differ materially from these forward-looking statements include,
but are not limited to, the following: general economic and
industry conditions; conditions in the credit markets; risks
associated with the company’s long-term, fixed-price agreements
that have no guarantee of future sales volumes; risks associated
with the loss of significant customers, a material reduction in
purchase orders by significant customers or the delay, scaling back
or elimination of significant programs on which the company relies;
the company’s ability to effectively compete in its industry; the
company’s ability to effectively manage its inventory; the
company’s suppliers’ ability to provide it with the products the
company sells in a timely manner, in adequate quantities and/or at
a reasonable cost; the company’s ability to maintain effective
information technology systems; risks associated with the company’s
international operations, including exposure to foreign currency
movements; environmental risks; risks related to the handling,
transportation and storage of chemical products; risks related to
the aerospace industry and the regulation thereof; and other risks
and uncertainties.
The foregoing list of factors is not
exhaustive. The reader should carefully consider the foregoing
factors and the other risks and uncertainties that affect the
company’s business, including those described in Wesco Aircraft’s
Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current
Reports on Form 8-K and other documents filed from time to time
with the Securities and Exchange Commission. These or other
uncertainties may cause the company’s actual future results to be
materially different than those expressed in any forward-looking
statements. The company undertakes no obligation to update or
revise any forward-looking statements.
Contact Information:
Jeff Misakian
Vice President, Investor Relations
661-362-6847
Jeff.Misakian@wescoair.com
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