Seventh Consecutive Excellence Award for the Supply Chain & Logistics Company
Banneker CEO, Cheryl Snead (center), with Raytheon’s Mike Shaughnessy, Vice President, Integrated Supply Chain (left) and Diane Foley, Sr. Director Mission Assurance (right).
North Smithfield, RI. (June 24, 2015) – Banneker Industries, an integrated logistics and supply chain management services provider, earned a pair of significant performance awards from Raytheon Integrated Defense Systems (IDS) at the company’s annual awards conference on May 27, 2015, the company announced today.
Raytheon IDS annually recognizes the best from among its more than 11,000 global suppliers. This is the seventh consecutive year that Banneker has earned recognition for their performance to Raytheon, a global technology and innovation leader who specializes in defense, civil government and cybersecurity markets. Banneker received the 4-Star Supplier Excellence Award for their performance in 2014, as well as the Gold-level Raytheon Collaboration Award.
The 4-Star award is based on supplier performance for on-time delivery and quality. The Collaboration Gold Award recognizes companies that demonstrate exceptional behaviors for the support of Raytheon’s business to collaboratively solve complex problems or win new business, while creating exemplary trusted supplier relationships.
The Collaboration Gold Award was awarded to Banneker Industries and Arrow Electronics for their partnership in delivering Raytheon IDS streamlined processes that provide best value to their end customers. With 2014 sales of $22.8 billion, Arrow is a global electronics distributor that delivers electronics and enterprise computing solutions to industrial and commercial markets of through a network of more than 460 locations across 56 countries. Since the strategic partnership began, Banneker has delivered over $130M of electronics, kits and other products to Raytheon and other top Fortune 200 companies.
“We are honored to be recognized by Raytheon for our excellence in quality and service delivery,” said Cheryl W. Snead, President and CEO. “Our ability to understand our Customer’s critical success factors and then deliver against those requirements 100 % on-time, on-budget and with zero quality issues is a key discriminator and value creator for our customers. We take enormous pride in our work for Raytheon and the contributions they make to the American warfighter. Speaking on their collaboration award, Snead states, “Our joint award with Arrow is reflective of both companies’ ability to integrate our individual core strengths with the specific needs of major Customers to deliver sustained and differentiated value. We’re proud of our long partnership with Arrow and look to continue to partner with them in both domestic and international ventures. ”
Banneker has supported all of Raytheon’s business units including Integrated Defense Systems; Intelligence, Information and Systems; Missile Systems; and Space & Airborne Systems. The company has had contracts with Raytheon for 23 years.
About Banneker Industries
Banneker offers integrated logistics and supply chain management services to a broad spectrum on governmental and commercial customers, including value-added warehousing, procurement, inspection, kitting, distribution, packaging and fulfillment, onsite services and supply chain consulting. It is one of the leading disadvantaged, minority and woman-owned small businesses in the country. For more information, visit www.banneker.com.