Simula Recognized as One of the Best Managed Small Companies
in the Aviation Business by Aviation Week and Space Technology Magazine
PHOENIX, Aug. 19 /PRNewswire/ -- In an article in the August 10, 1998 issue entitled ''The Best In The Business'', Aviation Week
and Space Technology, a leading publication covering the aerospace and commercial aviation industries, recognized Simula
(NYSE: SMU - news) as among the ''Best Managed'' small aerospace companies in the world. In an industry which has thousands
of small aerospace companies worldwide, Simula was ranked in the top 40.
The 1998 Index of Competitiveness international rankings are based on the sum of scores computed for 24 ratios which evaluate
company performance in the categories of asset utilization, productivity, and financial stability. Simula was placed among the
''Best Managed'' small aerospace companies (companies with revenues of less than $501 million).
''Simula is gratified that its management team has been recognized for its efforts to grow our business. We are pleased that
after experiencing the growth pains associated with this fast-growing business, the company has been recognized for our
successful performance,'' said Don Townsend, President of Simula, Inc.
As the Index results show, the aerospace and aviation industry is becoming substantially more competitive, and Simula is
strategically positioned with its new manufacturing facilities and state-of-the-art products to continue to successfully compete
for market share.
The study also noted that small companies are likely to continue to be the primary wellspring of technology innovation in the
future. Simula's efforts to develop new technologies and leading-edge products for the commercial aviation industry, position the
company as a worldwide leader in the effort to create better, safer products.
Simula, Inc., based in Phoenix, Arizona, USA, is an acknowledged world leader in transportation safety and energy absorption
technology. Its principal product lines are protective systems including inflatable restraints, airbags and ballistic armor; high
technology energy absorbing aircraft seating systems, and rail and mass transit seating systems. Additional information about
the company is located on the Internet at simula.com.
SOURCE: Simula, Inc. |
