Hi-Tech Engineering’s 2021 growth expectations indicate significant market opportunity and growing demand for precision manufacturing capabilities within the aerospace sector.
Fremont, CA: Hi-Tech Engineering, a precision manufacturing supplier for the commercial and government aerospace industries, is experiencing record organizational growth and aggressive momentum going into 2021. During the last 12 months, the company has secured stable year-over-year revenues and utilization despite an unprecedented COVID-19 operating year. It has also expanded its strategic customer base by 20 percent and elevated team capabilities across critical operational functions, including quality, machining, and programming.
Hi-Tech Engineering’s projected growth is driven by a new ownership team headed by Shaffiq Rahim, President, who brings more than 20 years of aerospace and technology experience to the business. Rahim and the new management team have a keen focus on leaning into the most forward-looking innovations in aerospace and Spacetech, as both commercial and government entities continue to push the space exploration footprint.
“In 2021, we expect to see accelerated growth and investment in the aerospace and defense sectors, given a rejuvenated space race powered by both commercial and government entities largely in the U.S., but also China and Korea,” Rahim said. “Further, as ongoing consolidation continues to reduce the number of companies supporting these industries, we believe there will be ripe opportunity for manufacturing companies like us who are actively investing in expanded capabilities to fill the gap.”
To achieve this, Hi-Tech elevates its precision engineering and design-for-manufacturability capabilities to integrate more closely with customers, become a machining partner and a thought partner as customers innovate new engineering solutions product designs across the build and launch of new rocket and flight exploration systems.
Key investments to expand both the physical footprint and machine capacity of Hi-Tech Engineering’s facility in Camarillo, California, are already underway, including:
• Newly expanded Quality Assurance suite, including new programmable CMM capabilities; this expansion will increase throughput by 2x to 3x, and provide data-driven quality controls to ensure increasingly accurate production outcomes which meet customer & industry specifications.
• Newly acquired & upgraded CNC machines including (1) Haas UMC-1000 with 5-axis capabilities; (1) Haas ST-25 with expanded Z-axis travel capabilities; (1) Haas VF-5SS with super-speed vertical machining options; and (1) VF-9 large-format mill which can machine parts as wide as 86.”
• A refreshed website (www.htemfg.com) which showcases the business’s precision production and design for manufacturability processes, along with market case studies and latest news.
“Over the past 12 months, we have made multiple critical investments in people, process, technology, and capacity to ensure we are well-positioned to capture these future growth opportunities. I look forward to building deeper partnerships with our existing customers, while also unlocking similar discussions with new prospects in the industry,” stated Rahim.