LIVONIA, Mich., Feb. 18, 2013 /PRNewswire/ -- Beaver Aerospace & Defense, a subsidiary of Phillips Service Industries (PSI) and global leader in the design and manufacture of custom and broad-range actuation technologies, today announced that it has received a 2012 Boeing Performance Excellence Award. The Boeing Company issues the award annually to recognize suppliers who have achieved superior performance. Beaver maintained a Silver composite performance rating for each month of the 12-month performance period, from Oct. 1, 2011, to Sept. 30, 2012.

This year, Boeing recognized 594 suppliers who achieved either a Gold or Silver level Boeing Performance Excellence Award. Beaver Aerospace & Defense is one of only 441 suppliers to receive the Silver level of recognition.

"Beaver Aerospace & Defense is honored to receive the Boeing Performance Excellence Award," said Ben Kearns, General Manager of Beaver Aerospace & Defense. "We also take tremendous pride in being the industry leader in on-time delivery, with current performance exceeding 99+%."

Beaver supplies ball splines to Boeing for the CH-47 Chinook helicopter, as well as a camera deployment actuator for the P-8 military aircraft. Beaver's award-winning electromechanical actuators, ball screws, ball splines and gears can fit virtually any application, and are known throughout the industry for their reliable quality, precision and performance.

For more information on the Boeing Performance Excellence Award, visit http://www.boeing.com/companyoffices/doingbiz/supplier_portal/bpea.html.

For more information on Beaver Aerospace & Defense, visit http://www.beaver-online.com. You can also follow Beaver on Facebook, Twitter, Google+, LinkedIn and YouTube.

About Beaver Aerospace & Defense, Inc. (www.beaver-online.com) Beaver Aerospace & Defense, Inc., an SDVOSB and subsidiary of Phillips Service Industries, Inc., is a global leader in the design and manufacture of custom and broad-range actuation products for the aerospace and defense industries. Our award-winning electromechanical actuators, ball screws, ball splines and gears can fit virtually any application, and are known throughout the industry for their reliable quality, precision and performance. Best of all, Beaver is the industry leader in customer satisfaction, with a 99+% track record for on-time delivery. As a certified FAA Repair Station, Beaver also offers expert repair, overhaul and testing services for all electromechanical actuators and ball screws.

About Phillips Service Industries, Inc. (PSI) (www.psi-online.com) Established in 1967, Phillips Service Industries, Inc. (PSI) is a privately-held, service-disabled, veteran-owned small business (SDVOSB) that oversees a diverse collection of innovative subsidiaries. We serve a wide range of high-tech industries like aerospace, defense, automotive, alternative energy, healthcare, security and semiconductor. Our award-winning products and services help reduce costs and maximize efficiency for many Fortune 500 companies around the globe, as well as the U.S. military. We push the bounds of technology on critical programs like Homeland Security, Defense research and space exploration, delivering innovative solutions for land, sea, air and space. We're PSI: Always innovating. Everywhere.

CONTACT: Jay Hollingsworth Public Relations Manager Beaver Aerospace & Defense 11850 Mayfield Livonia, MI 48150-1733 (734) 853-5000 jay.hollingsworth@psi-corp.com

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Beaver Aerospace & Defense Receives Boeing Performance Excellence Award