Precision Laser

Precision Laser captures Inc. 5000 ranking with military contracts, diversity

eferrier — Thu, 02 Sep 2010 14:16:43 +0000

Military service has put a Huntertown company on the Inc. 5000 roster of the nation’s fastest-growing companies – for the second year in a row. While other manufacturers struggled through the economic turmoil of the past three years, family-owned Precision Laser Services Inc. has posted a 23 percent revenue growth, reports the magazine in announcing its list of private entrepreneurs.

“The leaders of companies on this year’s Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression,” said Inc. President Bob LaPointe.

Precision Laser Services has been awarded more than $10 million in military contracts over the past three years, from weapons lockers to machine gun mounts to spare parts, said Ed Ferrier, CEO and general manager. While the military machining and fabrication contracts primarily supply the Navy’s Special Forces, often other branches of the U.S. military request similar products when they see the quality and utility of Precision Laser Services’ products.

A diverse customer base depends on Precision Laser Services for its ability to create more-efficient products to save energy and costs in these tough times, said Ferrier. His company was able to help a key customer in the food services industry dramatically reduce its utility costs. Precision Laser Services also machines parts for the RV, marine and trucking industries, problem-solving for customers eager for more-efficient and cost-effective parts and products.

Precision Laser has developed a niche in swift turnaround of laser cut and stamped value-added products that often are too complex to interest large manufacturers. “We recently added capabilities to do those kinds of jobs,” said Ferrier.

Founded in the late 1940s by Otis G. Ferrier, “modernized” by his son Dale O. Ferrier’s purchase of a laser drill in 1972, and diversified under his son Ed Ferrier’s leadership, Precision Laser continues a family tradition of innovation.

The 26-employee company recently joined Northeast Indiana Defense Industry Association, which includes area “big guns” like Raytheon and General Dynamics, to help promote the Defense industry in Northeast Indiana.

Learn more about Precision Laser Services at www.plsmfg.com or 260-744-4375. For more about the Inc. 5000, visit www.inc.com.

PLSMFG Joins the Northeast Indiana Defense Industry Association

eferrier — Tue, 24 Aug 2010 20:25:28 +0000

Precision Laser Services joins with other like-minded companies in this area to promote and expand the defensse industry in NE Indiana. Along with PLSMFG other members include; Raytheon, ITT, Northrop Grumman, Navistar, General Dynamics and Undersea Sensor Systems.

For more information on NIDIA, visit http://nidiaonline.org/

Precision Laser Services Named to INC 5000 for Second Straight Year

eferrier — Tue, 24 Aug 2010 14:24:21 +0000

In a press release today from INC Magazine, Precision Laser Services was named one of the fastest growing privately held small business in the US for 2010. This marks the second year in a row that PLSMFG has made the INC5000 list. “We consider ita great honor to have made the list for two consecutive years. This is a testament to the hard work and dedication of the team assembled here at PLSMFG” said Ed Ferrier, President.

Seeing the Light

eferrier — Tue, 23 Mar 2010 15:30:42 +0000

The Greater Fort Wayne Business Journal published an article about Precision Laser Services being the oldest laser job shop in the country. The story recounts the companies roots in the diamond wire die industry and traces its path through three generations of leadership as it transformed itself into a leading laser based manufacturer serving the needs of the automotive, trucking, medical, industrial and military markets in the midwest.

PLSMFG Nominated to be an Indiana Company to Watch

eferrier — Tue, 23 Mar 2010 15:17:09 +0000

Precision Laser Services was nominated for the 2010 Indiana Companies to Watch Award. Indiana Companies to Watch celebrates high-performing, second-stage companies in the state. Known for their performance in the marketplace, innovative products, unique processes or philanthropic actions, these companies represent a wide range of industries from all corners of Indiana. The companies selected each year make a point about Indiana’s diverse economic landscape. They make an astounding impact on the state’s economy by collectively providing thousands of jobs and contributing millions of dollars of revenue.

For more information visit http://companiestowatch.org/index.ctw?aff=Indiana&page=home

Dynamic Duo featured in Fort Wayne Monthly Magazine

eferrier — Thu, 29 Oct 2009 15:54:10 +0000

November 2009 issue of Ft Wayne Monthly Magazine

Fort Wayne Monthly Magazine takes a look at the area’s Dynamic Duos and profiles Ed & Jeff Ferrier. Involved in manufacturing in Fort Wayne all their lives, Ed & Jeff discuss the long history of manufacturing in their family from listening to stories at the dinner table, to supplying fabrications and machining to military, aerospace, transportation, material handling, medical and food service equipment industries today.

PLSMFG President to speak at Rotary International

eferrier — Sat, 03 Oct 2009 15:43:14 +0000

On October 7th Ed Ferrier, president of Precision Laser Services, has been asked to speak at the Anthony Wayne chapter of Rotary International. Mr Ferrier will share about the naming of PLSMFG to the 2009 INC5000 and its experience as the oldest laser job shop in the US.

Precision Laser Services awarded a $9,990,000 US Navy contract

eferrier — Mon, 28 Sep 2009 18:30:21 +0000

Precision Laser Services was awarded, along with three others, a fixed-price, IDIQ multiple award contract for multi-storage weapons racks, GAU-16 racks, and 72″ GAU-16 racks to properly store weapons in armories. The combined value of these contracts is $9,990,000.00. For more information visit the Naval Surface Warfare Center, Crane Division or the US Department of Defense News

Precision Laser Services awarded a $14,000,000 US Navy contract

eferrier — Thu, 24 Sep 2009 18:50:29 +0000

H-60 with the M-240 System

Precision Laser Services, Inc., Fort Wayne, Ind. and four others are being awarded firm-fixed price, indefinite-delivery/indefinite -quantity multiple award contract with a maximum value of $14,000,000.00. The aforementioned contract awardees will compete for delivery orders for various types of gun-mount components. MH-60 Sierra, MH-60 Romeo, and V-22 gun mount components along with bore sight kits are being procured to be implemented in various combat situations. The multiple gun mounts will be used to support a wide array of military personnel as well as branches. This contract was competitively procured via the Navy Electronic Commerce Online and Federal Business Opportunities websites, with 14 proposals being received. Naval Surface Warfare Center, Crane Division, Crane, Indiana, is the contracting activity.