LaFox, IL – April 30, 2019 – Richardson Electronics, Ltd. (NASDAQ: RELL) today announced it won a Gold Tier Award for exceptional performance and contributions to supply chain success in 2018 for BAE Systems’ Electronic Systems Sector. Richardson Electronics was honored at a ceremony held in Manchester, New Hampshire on April 2, 2019, and was selected from a pool of more than 750 suppliers that worked with BAE Systems in 2018.
“Richardson Electronics, Ltd. has had a long relationship with BAE Systems, and we feel honored to be recognized for our great partnership with such an amazing company. We will continue supporting BAE Systems with all our global capabilities as we have in the past,” said Greg Peloquin, Executive Vice President of Richardson Electronics’ Power & Microwave Technologies group.
BAE Systems’ Partner 2 Win program is designed to achieve operational excellence and eliminate defects in its supply chain by raising the bar of performance expectations to meet the demand of current and future customers. As part of the program, BAE Systems meets regularly with its suppliers at their locations to transfer best practices to ensure that the components and materials that compose BAE Systems products meet the highest quality standards.
“Recognition of our top-tier suppliers underscores BAE Systems’ commitment to delivering the highest quality products on-time and on-budget, in order to meet the demand of our customers,” said Jeremy Tondreault, vice president of operations for BAE Systems’ Electronic Systems sector. “We are proud to partner with companies – including Richardson Electronics – who are dedicated to delivering the products that protect the warfighter on the battlefield and civilians who rely on the safety of commercial transportation.”
About BAE Systems
BAE Systems provides some of the world’s most advanced, technology-led defense, aerospace, and security solutions. The company employs a skilled workforce of more than 83,000 employees worldwide and operations in 30 U.S. states. Working with customers and local partners, BAE Systems develops, engineers, manufactures, and supports products and systems to deliver military capability, protect national security and people, and keep critical information and infrastructure secure.
About Richardson Electronics, Ltd.
Richardson Electronics, Ltd. is a leading global provider of engineered solutions, power grid and microwave tubes and related consumables; power conversion and RF and microwave components, flat panel detector solutions and replacement parts for diagnostic imaging equipment; and customized display solutions. We serve customers in the alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific and semiconductor markets. The Company’s strategy is to provide specialized technical expertise and “engineered solutions” based on our core engineering and manufacturing capabilities. The Company provides solutions and adds value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair through its global infrastructure. More information is available at www.rell.com.
Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.
About Richardson Electronics – Power & Microwave Technologies
For 70 years, Richardson Electronics has been your industry-leading global provider of engineered solutions, RF & microwave and power products. With the launch of the Power & Microwave Technologies group, we continue this legacy and complement it with new produ