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Foster-Miller, Inc., announced today that revenues for its fiscal year ending July 31 passed the $100 million mark for the first time in the company’s 48-year history. Current revenues reflect sales that have more than doubled in the last three years.
“I attribute our success to the excellent response to our products and services in both the government and commercial markets,” said Dr. William Ribich, President of Foster-Miller. “This particularly includes our TALON™ robots and LAST® Armor which are protecting our troops in both Afghanistan and Iraq, as well as the services we provide to our clients to develop proprietary new products and special equipment for achieving competitive advantage in their markets.”
Foster-Miller, Inc., is an independent, privately held engineering, development and manufacturing company located in suburban Boston, MA, with additional offices in Albany, NY and Washington, DC. The firm was founded almost 50 years ago by three graduates of MIT who believed there was a need for a company that could solve clients’ difficult technical problems through first-class analysis and design. The company maintains a staff of more than 350 mechanical, electrical, thermal, chemical, nuclear, aerospace, software and materials engineers as well as metallurgists, physicists, mathematicians, chemists, biologists and support staff working in the areas of robotics, advanced materials, custom machinery, power systems, biotechnology, transportation and aerospace.
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