Boeing presented Novator AB with a Supplier of the Year award April 15 for its exceptional performance and contributions to Boeing's overall success during 2014.

The Stockholm-based company was one of 14 companies and one university to receive a Supplier of the Year award, presented during a gala awards ceremony.

"Our success in 2014 was due in large part to the strong performance of our supply chain,” said Kent Fisher, Boeing's leader for Supplier Management. “We are facing an increasingly competitive landscape across all our businesses. To continue to lead the market we need supplier partners like Novator who understand the importance of creating a sustainable competitive advantage with products, services and support that meet or exceed the expectations of our customers.”

He added that Boeing must have a global supply chain that is capable of recognizing and reducing risk, while demonstrating a strong commitment to customer service and consistent performance excellence.

In 2014 Boeing spent $62 billion with more than 13,000 suppliers from 47 countries. Supplier-provided components and assemblies make up more than 60 percent of the cost of Boeing products. Suppliers played a key role for Boeing last year when its defense business won significant new contracts and commercial airplanes set an industry record for deliveries in a single year.

“Receiving the Boeing Supplier of the Year award for the second consecutive year was beyond our imagination. The award means a lot to us, it is a receipt that we have done something right and hence gives as guidance for our future projects.” said Hans-Petter Andersson, Novator's CEO.

The selection of the winning suppliers is based on statistical measurements of quality, on-time delivery, post-delivery support, cost and their ability to anticipate and respond to changing customer requirements.
Novator AB was honored in the category of Technology.