Petersen Inc. entered into an agreement with Boeing to maintain care, custody and control of the spare parts tooling for all of Boeing’s out-of-production aircrafts. Boeing has approximately 11,000 aircrafts, with about 8,000 being out of production, and more than 250,000 Boeing tools are stored at the warehouse. Petersen Inc. is under contract to locate the tools and prepare them for shipment anywhere in the world within two hours of notification from Boeing. Petersen Inc. has a 99.8% inventory accuracy rating, with over 80,000 tool shipments and transactions yearly. We are a Boeing Gold Supplier and received their Subcontractor of the Year Award for 2005. We were also awarded Boeing Supplier of the Year in 2012.