LATROBE, Pa., April 30, 2015 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) today announced its selection as a recipient of the Boeing 2014 Silver Supplier Performance Excellence Award. The Boeing Company issues annual awards to suppliers that meet and exceed its exacting performance requirements for quality and delivery over a 12-month period.
"It's an honor to be part of Boeing's world-class supply chain, and we are especially delighted to be recognized for delivery and premium quality products, knowing that Boeing commands the industry's highest standards for strategic suppliers," said Kennametal President and CEO Don Nolan. "The team that earned this award sets the example of customer-focused execution we are working to achieve every day at Kennametal."
Kennametal's Madison, Ala., facility earned the distinction for supplying engineered counterbalance, vibration dampening and ballast weight components for various Boeing fixed- and rotor-wing airframe applications. "The Madison team is continually working toward perfection, with on-time performance of 99.8 percent," said Brian Maglosky, vice president of manufacturing for Kennametal in the Americas. Part of the Tungsten Materials Business Kennametal acquired in 2013, the Madison team contributes value in the company's aerospace-industry portfolio.
Celebrating more than 75 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers seeking peak performance in demanding environments. The company provides innovative wear-resistant products, application engineering and services backed by advanced material science, serving customers in 60 countries across diverse sectors of aerospace, earthworks, energy, industrial production, transportation and infrastructure. With approximately 14,000 employees and nearly $3 billion in sales, the company realizes half of its revenue from outside North America, and 40% globally from innovations introduced in the past five years. Recognized among the "World's Most Ethical Companies" (Ethisphere); "Outstanding Corporate Innovator" (Product Development Management Association); and "America's Safest Companies" (EHS Today) with a focus on 100% safety, Kennametal and its foundation invest in technical education, industrial technologies and material science to deliver the promise of progress and economic prosperity to people everywhere.
SOURCE Kennametal Inc.