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Banneker Industries Awarded Raytheon IDS 4-Star Supplier Excellence Award

North Smithfield, R.I., April 2011 – Banneker Industries was recognized for their outstanding performance in 2010 by Raytheon Integrated Defense Systems (IDS) at the Supplier Excellence Award ceremony held at the Wyndham Hotel in Andover, Mass. on April 13, 2011. Raytheon recognizes its suppliers based on three important factors: on-time delivery measures, sustained performance on quality and commitment to continuous process and quality improvement. Out of over 4,000 Raytheon IDS suppliers, Banneker was selected to receive the 4-Star Award based on their ability to maintain a 99.9% comprehensive on-time delivery and quality for twelve months.

Today, Raytheon and Banneker are paving the way for additional avenues of partnerships that drive value through Proximity Warehouses and other 3PL solutions. “Our unique supply chain management and logistics solutions have and will continue to provide an unprecedented level of technological capability to Raytheon,” said Banneker’s President & CEO Cheryl Snead. “Ultimately, our products and services are a key player in the supply chain designed to help protect the brave men and women of the United States Military. Banneker’s relationship with Raytheon is an example of a transformative strategic partnership.”

Most recently, Raytheon awarded Banneker a $5 million contract to provide supply chain management and other third-party logistics activities in support of the U.S. Navy’s Zumwalt Destroyer Program (DDG-1000). Banneker will provide these services at their Quonset Business Park facility in North Kingstown, Rhode Island. The operation now comprises over 80,000 square feet (out of Banneker’s 120,000 square foot facility) and is continuing to grow. Banneker Industries, which was awarded the four-year contract (with one 1-year option) through open competition last year, has completed all phased activities required to execute the contract on-time and under-budget. Banneker currently supports several Raytheon Divisions including Space & Airborne Systems (SAS), Network Centric Systems (NCS) and Raytheon Technical Services, LLC (RTSC) as well as major US military programs including Patriot Missile and the Aegis Class Destroyer Program across the United States.

ABOUT BANNEKER INDUSTRIES
Banneker Industries is a world-class provider of supply chain management solutions who for over 20 years has specialized in delivering value to their customers through innovative third and fourth-party logistics (3PL/4PL) services. Headquartered in Rhode Island and with national operations, they offer a wide-range of supply chain services including Value-Added Warehousing, Complex Kitting, Quality Inspection, Order Fulfillment and Distribution among other solutions. The Company is ISO 9001:2008 and AS9100 certified and incorporates Six Sigma Continuous Improvement methodologies into their processes. Nationally recognized for its superior services, Banneker is consistently named among the leading privately held Third-Party Logistics Providers. For more information, visit www.banneker.com.

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Banneker is a certified Small Disadvantaged Business (SDB), Minority Business Enterprise (MBE) and a Women Business Enterprise (WBE)/Women Owned Small Business (WOSB).

AS9100, ISO 9001 and ISO 14001 certified company