Ceradyne Again Ranks First in Aviation Week Study of Small Aerospace/Defense Companies

On Wednesday June 17, 2009, 7:30 am EDT
COSTA MESA, Calif.--(BUSINESS WIRE)--Ceradyne, Inc. (Nasdaq:CRDN - News) announced that for the second consecutive year Aviation Week has ranked it first in financial performance among U.S. publicly traded aerospace/defense companies with annual revenue of $250 million to $1 billion. Ceradyne’s number-one ranking was based on four categories: return on invested capital, earnings momentum, asset management, and financial health.
“We are pleased that for the second year in a row Ceradyne — within a very competitive field — has been recognized by Aviation Week as the number-one company in financial performance," said Joel P. Moskowitz, Ceradyne president and chief executive officer. A list of the twenty-nine companies in the $250 million to $1 billion 2009 Top-Performing Companies (TPC) study is available at http://www.aviationweek.com/TPC.
During a ceremony at the Paris Air Show on June 17, Eddie Belfield, Ceradyne’s European Marketing Manager, accepted an award on behalf of the Company in recognition of its placement in the Aviation Week study.
Ceradyne develops, manufactures, and markets advanced technical ceramic products and components for defense, industrial, automotive/diesel, and commercial applications. Additional information about the Company can be found at www.ceradyne.com.
Except for the historical information contained herein, this press release contains forward-looking statements regarding future events and the future performance of Ceradyne that involve risks and uncertainties that could cause actual results to differ materially from those projected. Words such as "anticipates," "believes," "plans," "expects," "intends," "future," and similar expressions are intended to identify forward-looking statements. These risks and uncertainties are described in the Company's Annual Report on Form 10-K for the fiscal year ended dated December 31, 2008 and its Quarterly Reports on Form 10-Q as filed with the U.S. Securities and Exchange Commission.
Contact:
Ceradyne, Inc.
Joel P. Moskowitz, Chief Executive Officer, 714-549-0421
or
Silverman Heller Associates
Phil Bourdillon/Gene Heller, 310-208-2550