Boeing has named its 2017 Supplier of the Year Award winners, recognizing 13 companies for the high-quality products, services and value they create for Boeing as well as its commercial airplanes; services; and defence, space and security customers.

Strong performance and close collaboration with these award-winning suppliers in 2017 helped Boeing realize record commercial airplane deliveries, growth in our services business and solid defence, space and security performance.

"Our continued success in an increasingly challenging business environment is driven in large part by having the aerospace industry's best team and talent—and that includes the world's best supply chain," said Boeing chairman, president and CEO Dennis Muilenburg. "This year's Supplier of the Year award recipients all share a passion for innovation, collaboration and sustained exceptional performance—qualities we look for in all of our industry partners."

In 2017, Boeing spent almost $60 billion with nearly 13,000 suppliers from all 50 US states and 57 countries. Supplier-provided components, services and engineering support make up approximately 65 percent of the cost of Boeing products.

"At a time marked by heightened competitive pressure, Supplier of the Year winners demonstrate an unrelenting dedication and commitment to Boeing and its global customers," said Jenette Ramos, senior vice president, Supply Chain & Operations. "They are among the best aerospace suppliers the world has to offer, and with their help, we will continue to lead the market by delivering value together throughout Boeing's second century." – TradeArabia News Service