GH Tool & Mold, Washington, recently was named as a recipient of the 2017 Boeing Performance Excellence Award.

The Boeing Company issues the award annually to recognize suppliers who have achieved a superior performance level.

GH Tool & Mold maintained a Gold composite performance rating for each month of the 12-month performance period, from Oct. 1, 2016, through Sept. 30, 2017.

All of Boeing’s suppliers are evaluated based on key elements, such as quality, delivery, cost competitiveness and service.

This year, Boeing recognized 414 suppliers worldwide who achieved either a Gold or Silver level Boeing Performance Excellence Award.

GH Tool & Mold is one of only 85 suppliers to exceed the Gold Level requirement.

“This is our seventh award in the past eight years,” said Dave Graves, president of GH Tool & Mold. “We are extremely proud of our team and the commitment they have made to reach this level.

GH Tool & Mold supplies assembly and support tooling to Boeing for a wide variety of aircraft programs. The two companies have worked together to solve tooling challenges for many years.

Founded in 1983, GH Tool & Mold is well-respected within the die cast tooling, aerospace and general machining industries for its consistent ability to provide partners with a competitive productivity advantage through innovative tooling solutions, Graves said.

GH Tool & Mold is part of the Tooling Technologies Group. As a whole, the Group supports a diverse set of end markets including automotive, industrial, aerospace, outdoor products, and automated assembly equipment.

“Our team makes this level of performance possible,” said Graves. “It’s not about awards, it’s about striving for a greater level of customer satisfaction every year, and our people work daily to achieve it.

In 2017, Boeing spent almost $60 billion with nearly 13,000 suppliers from all 50 U.S. states and 57 countries. Supplier-provided components, services and engineering support make up approximately 65 percent of the cost of Boeing products.