CIMdata PLM Industry Summary Online Archive
5 May 2011
Company News
Altair Engineering Receives Boeing Performance Excellence Award
Altair Engineering, Inc. announced that it has received a 2010 Boeing Performance Excellence Award. The Boeing Company issues the award annually to recognize suppliers who have achieved superior performance.
Altair achieved a Silver composite performance rating for each month of the 12-month performance period, from Oct. 1, 2009, to Sept. 30, 2010.
Boeing is one of many aerospace customers for Altair. In 2010, Altair recorded a 25 percent year-over-year revenue growth in the global aerospace market. Altair's HyperWorks software offers the industry a broad suite of CAE solutions for minimum-weight design, stress analysis, and mechanism and vulnerability simulation for metallic and composite structures. Aerospace customers globally that have employed HyperWorks and its simulation-driven design processes, enabled by a strategic combination of Altair experience, technology and methods, have reported an average of 15 percent weight reduction for products while shortening the product design and development cycle by up to 50 percent.
For more information on the Boeing Performance Excellence Award, visit http://www.boeing.com/companyoffices/doingbiz/supplier_portal/bpea.html.
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