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You are hereHome › Newsroom › Galley Support Innovations Inc. holds ribbon cutting and announcement ceremony in Sherwood
Galley Support Innovations Inc. holds ribbon cutting and announcement ceremony in Sherwood
Monday, April 6, 2015 · 12:00 am
SHERWOOD, Arkansas (April 6, 2015) - Galley Support Innovations, Inc. held a Ribbon Cutting and Announcement Ceremony today on the grounds of the completed expansion of their facility in Sherwood, Arkansas.
The ceremony included announcements involving eight (8) new Aerospace Contracts and two (2) Aerospace Contract Renewals, as well as the award of the Community Block Development Grant of $120,000 dollars that will allow GSI to double its workforce over the next 3-5 years and helped purchase new machines used in the expansion
Speakers included Chad Causey, Executive Director of the Arkansas Aerospace Alliance, City of Sherwood Mayor, Virginia Hillman Young, and Lieutenant Governor, Tim Griffin.
Announcement of New Contracts:
GSI has been awarded 8 multi-year, Multimillion dollar contracts to supply the interior hardware for some of aviation’s largest corporate and private jet manufacturers. The contracts will bring in an estimated over 3.5 million annually in revenue for GSI once the aircraft go into production. The longest contract is 15 years, putting its renewal date in 2030.
GSI designed and manufactured the interior hardware for the first ever private Boeing 747-8 for Greenpoint Technologies. After completing the Boeing 747, GSI was asked to supply custom hardware for the private Boeing 787 Dreamliner.
These new contracts will bring a 1.5 million increase into the state’s economy due to the fact that 95% of GSI’s vendors are in state.
Contract Renewals included:
Jamco America and Boeing galleys. Both contracts are estimated to bring in over $250,000 annually.
Galley Support Innovations, Inc. (GSI) is a designer and manufacturer of interior hardware for planes, trains, yachts and more. From original design to manufacture to print, with an onsite machine shop, rapid prototyping, innovative engineering and experienced project management support team, they are a recognized leader in their industry with customers all over the world. GSI produces superior quality interior hardware including: locks, latches, door bolting systems, coat hooks, turns, retainers, lock out hasp latches, finger pulls, door holders, movie storage, oval and square. Some of the latest innovations include self-assist door and magazine hinges, frictionless strikers, and hidden striker latches. In addition, GSI and its partners produce faucets, sinks, chairs, food storage compartments, placards and anything else needed to complete a galley.
Galley Support Innovations Inc. is a 2015 Arkansas Small Business Award Winner, 2015 Governor’s Award for Excellence in Global Trade Nominee, 2013 Impact Image Award Winner, 2012 AEDC Fastest Growing Small Business in Arkansas, 2012 AMS Arkansas Small Business Manufacturer of the Year. GSI is also a founding partner of the Arkansas Aerospace Alliance, member of Arkansas State Chamber of Commerce, Sherwood Chamber of Commerce and Little Rock Chamber of Commerce as well as active participate in the Arkansas District Export Council.
Galley Support Innovations, Inc. is located in central Arkansas at 411 Manson in Sherwood. Their website is www.GalleySupport.com and you can follow them on Facebook or twitter by following the links.