RBC Bearings Receives Boeing 2022 Supplier of the Year Award

Rhea-AI Summary

RBC Bearings Incorporated (NASDAQ: ROLL, ROLLP) has been recognized as one of Boeing's top suppliers during the 2022 Supplier of the Year event in Los Angeles. This award highlights RBC's commitment to operational excellence and quality in manufacturing precision bearings and components for various sectors including aerospace and defense. The recognition comes as part of Boeing's initiative to acknowledge suppliers who excelled in supply chain quality and sustainability. RBC Bearings continues to strengthen its partnership with Boeing, aiming to meet evolving customer needs.

Positive

• Recognition as a top supplier by Boeing enhances RBC's reputation in the industry.
• Demonstrates strong operational excellence and commitment to quality manufacturing.
• Reinforces the long-standing partnership with Boeing, potentially leading to future opportunities.

Negative

• None.

High-performing suppliers lauded for operational excellence

OXFORD, Conn.--(BUSINESS WIRE)-- RBC Bearings Incorporated (Nasdaq: ROLL, ROLLP), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today announced it has received recognition from The Boeing Company (NYSE: BA) as one of its top suppliers at the company’s 2022 Supplier of the Year event in Los Angeles.

“The entire RBC Bearings organization is very proud of the Supplier of the Year Award from Boeing. We value our long-standing partnership with Boeing, and we are grateful for the recognition,” said Dr. Michael J. Hartnett, Chairman and Chief Executive Officer. “This award is a testimony to RBC Bearings’ leading manufacturing capabilities and our customer focus. We continue to remain committed to helping support Boeing and all our valued customers by using our resources to develop products that best address customer needs and help them accomplish their goals.”

Nine suppliers were recognized for proactively managing supply chain quality, readiness and health, and delivering on Boeing’s commitment to advance global sustainability.

“Each of these winners had an impressive year as our entire industry collaborated to drive stability through a challenging environment,” said William Ampofo, Vice President of Parts & Distribution Services and Supply Chain for Boeing Global Services and chair of Boeing’s Supply Chain Operations Council. “They did an outstanding job maintaining our high standards – a focus on operational excellence, quality and reliability – that allow us to continue to earn the trust of our stakeholders, customers and the flying public.”

Award categories are: Supplier Diversity, Outstanding Performance, Alliance, Pathfinder, Supply Chain Visibility, Collaboration, Sustainability, Risk Management and Support & Services.

About RBC Bearings

RBC Bearings Incorporated is an international manufacturer and marketer of highly engineered precision bearings, components and essential systems. Founded in 1919, the Company is primarily focused on producing highly technical or regulated bearing products and components requiring sophisticated design, testing, and manufacturing capabilities for the diversified industrial, aerospace, and defense markets. The Company is headquartered in Oxford, Connecticut.

About Boeing

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing’s diverse team is committed to innovating for the future and living the company’s core values of safety, quality and integrity. Learn more at www.boeing.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220624005024/en/

RBC Bearings

Robert M. Sullivan

203-267-5014

rsullivan@rbcbearings.com

Alpha IR Group

Michael Cummings

617-461-1101

investors@rbcbearings.com

Source: RBC Bearings Incorporated

FAQ

What recognition did RBC Bearings receive from Boeing?

RBC Bearings was recognized as one of Boeing's top suppliers at the 2022 Supplier of the Year event.

What industries does RBC Bearings serve?

RBC Bearings serves the industrial, defense, and aerospace industries.

What is the stock symbol for RBC Bearings?

RBC Bearings is traded under the stock symbols ROLL and ROLLP.

When and where was the Supplier of the Year event held?

The Supplier of the Year event was held in Los Angeles in 2022.

Why is the Supplier of the Year award significant for RBC Bearings?

The award signifies RBC's operational excellence and strong partnership with Boeing, enhancing its industry reputation.