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For Immediate Release: SPACEHAB Ranked Most Competitive Small Aerospace Firm Aviation Week & Space Technology Hails
The McGraw-Hill publication also awarded SPACEHAB the highest score for asset utilization and third-highest productivity score for all aerospace companies considered in the ranking of more than 100 firms, large and small. The rankings were published in Aviation Week's annual Competitiveness Issue, released August 10, 1998. Noting that "the best overall performing aerospace companies aren't necessarily the leviathans,'' Aviation Week's editors saluted SPACEHAB as "a pioneer in what may be the aerospace industry's most exciting growth market in the 21st century: commercial space.'' The editors continued, "In the course of expanding its business (SPACEHAB) has demonstrated extraordinary levels of asset utilization. That and employee productivity are what drove the 14-year-old company to top in its peer group.'' To earn the "Best Managed'' title, companies had to demonstrate strong performance across the board, operationally as well as financially, and management had to show evidence of balancing short- and long-term goals, the editors said. SPACEHAB President David A. Rossi welcomed the award, saying, "SPACEHAB and its subsidiaries, Astrotech and Johnson Engineering, plan to continue providing first-rate, innovative products and services to our civil and commercial customers. Our recognized competitiveness will help us achieve our goal of being the premier space services provider in the 21st century,'' Rossi said. SPACEHAB, with its Astrotech and Johnson Engineering subsidiaries, is the world's leading provider of commercial payload processing services for manned and unmanned payloads. SPACEHAB is the first company to commercially develop, own and operate habitable modules that provide laboratory facilities and logistics re-supply aboard NASA's Space Shuttles. The Company also supports NASA astronaut training at Johnson Space Center, Houston.
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