Aspen Avionics Named One of New Mexico’s “Flying 40”
Aspen Avionics is the winner of the 2009 Flying 40 award, a selection of the top 40 revenue-generating technology companies in the state of New Mexico. Aspen was specifically recognized for having the highest revenue growth of all 40 award recipients.
The award’s selection criteria are based on revenue and revenue growth, and recognizes some of New Mexico’s largest and fastest-growing companies in the technology sector. Companies are then ranked by revenue and growth in revenue.
There are three categories for participation: Top revenue-producing companies regardless of revenue growth; top revenue growth companies with revenues between $1 million and $10 million; and top revenue growth companies with revenues of more than $10 million. Revenue growth is calculated as a percentage between 2003 and 2008.
Aspen’s cumulative growth over this period was 176,165%.