Engineered Support Listed as BusinessWeek 'Hot Growth' Company, Top Performer on Aviation Week Magazine, St. Louis Post-Dispatch
June 14 2005 - 4:05PM
PR Newswire (US)
Engineered Support Listed as BusinessWeek 'Hot Growth' Company, Top
Performer on Aviation Week Magazine, St. Louis Post-Dispatch, and
Other Regional, National Lists ST. LOUIS, June 14
/PRNewswire-FirstCall/ -- Engineered Support Systems, Inc.
(NASDAQ:EASI) reports that, based on its outstanding performance in
Fiscal Year 2004, it is ranked 19th on BusinessWeek magazine's
"Annual List of 100 Hot Growth Companies," released May 26. The
company also received excellent ranking on several other lists
recently released by local and North American publications or
organizations. "We're pleased to be recognized by BusinessWeek
Magazine again this year, and to be highlighted by a number of
other prominent publications already this year as well," said
Engineered Support's Vice Chairman and CEO Gerald A. Potthoff. "Our
company continues to put together a track record of outstanding
financial performance and profitable business growth quarter after
quarter, year after year. But we are most proud of our track record
for providing advanced sustainment solutions to those who serve in
this changing world -- our nation's defenders at home and
overseas," Potthoff said. With its "Hot Growth" listing,
BusinessWeek recognizes that small companies continue to boost the
economy, are a prime source of innovations, account for 50 percent
of the non-farm gross national product, and create 75 percent of
all new jobs, according to the Microcap Company Political Action
Committee in Washington. To craft the list of "super achievers,"
according to BusinessWeek, the magazine examines 2,200 publicly
traded companies with revenues of $50 million to $1.5 billion a
year -- and then ranks them by sales and earnings growth, as well
as return on capital over three years. The top 100 companies make
BusinessWeek's "Hot Growth" list, found on-line at
http://www.businessweek.com/magazine/toc/05_23/B3936magazine.htm .
Aviation Week and Space Technology magazine named Engineered
Support as #3 on its list of Top Performing Aerospace Companies
(Medium), and #9 on its list of Most Improved Aerospace Companies
(Medium). Aviation Week's rankings were based on weighted measures
of 2004 performance in four categories: operating performance (30
percent), strategy (30 percent), financial health (30 percent) and
independent research and development (10 percent). Engineered
Support was named #5 on the list of top St. Louis-region companies
in the St. Louis Post-Dispatch 2005 Annual Company Report. Now in
its 14th year, the newspaper's report ranks the region's leading
companies based on four variables: revenue, return on average
equity, revenue change and profit change. To be considered, a
company must have had FY04 revenues of at least $1 million as well
as 2003 revenue of at least $500,000, must have shown a profit in
2003 and must not have shown negative common-shareholder equity for
two years. The Post-Dispatch report cited Engineered Support, which
topped the paper's list last year, as "a prime example of a defense
contractor in good position to capitalize on the post-combat
recovery." That report is found on-line at
http://www.stltoday.com/business/annualreport . This month,
Engineered Support also appeared as #43 on the Washington
Technology magazine annual list of Top 100 contractors in the
federal Information Technology market. According to the May 9 issue
of the magazine, the top 100 contractors dominated the market,
garnering $55.6 billion of the $67.3 billion the federal government
spent on information technology in 2004. This year, 14 companies
had more than $1 billion in prime contracting revenue, compared to
just 8 last year. Moreover, the top 100 companies accounted for 83
percent of all federal IT dollars, compared to 68 percent last
year, according to Washington Technology. The list is found on-line
at
http://www.washingtontechnology.com/news/20_9/special-report/26107-1.html
. Business2.0, an on-line Forbes Magazine publication, ranked
Engineered Support as # 23 on its list of fastest growing
technology companies in 2004. Engineered Support was also ranked
#45 on the 2005 INPUT Federal IT 150(TM), a ranking of the top 150
federal IT contractors based on FY04 federal IT spending as defined
by INPUT, a nationally-recognized government market intelligence
firm. INPUT reported that in FY04 the Engineered Support earned IT
contract awards valued at $149,324,000, based on FPDS data, and in
its report noted that "being named to the INPUT Federal IT 150 list
means out- bidding more than 98.5 percent of the companies that are
vying for these contracts." The list is found on-line at
http://www.business2.com/b2/web/b2100 . Canada's Progress Magazine
named Pivotal Power, Inc., a wholly-owned subsidiary of Engineered
Support, as one of the top 10 "Best Companies" in Atlantic Canada.
The magazine described the subsidiary as "big on creating a
positive work environment for all 99 of its employees," and
committed "to the intellectual growth of its employees." Progress
Magazine noted that Pivotal is "a leading developer of
power-conversion technology to the military and industrial market,
investing more than 1,550 hours each year on job-related training
to keep its staff on top of the most leading-edge technology in the
marketplace." This was a repeat appearance on the BusinessWeek
list, and Engineered Support actually topped the St. Louis
Post-Dispatch list in 2004. Additionally, the company was listed
for five consecutive years as one of Forbes Magazine's "200 Best
Small Companies in America" and three consecutive years as one of
Fortune Magazine's "100 Fastest Growing Companies." Engineered
Support Systems, Inc. provides advanced sustainment solutions
including the design, manufacture and supply of integrated military
electronics, support equipment and technical and logistics services
for all branches of America's armed forces and certain foreign
militaries, homeland security forces and selected government and
intelligence agencies. The company also produces specialized
equipment and systems for commercial and industrial applications.
For additional information, please visit the Company's website at
http://www.engineeredsupport.com/ . DATASOURCE: Engineered Support
Systems, Inc. CONTACT: Larry Cox, Communications Mgr. of Engineered
Support Systems, Inc., +1-314-553-4960, Web site:
http://www.engineeredsupport.com/
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