Copyright © 2003 NLThomas
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News from the Cherokee Nation
Copyright © 2003 CNO
STILWELL, OKLAHOMA - Cherokee Nation Industries (CNI) is approaching the end of the fiscal year with a strong bottom line and improved profits. CNI is reporting a net profit of $1.1 million through 10 months of its fiscal year and two of CNI’s four divisions are showing a profit."Our goal is to grow the business to where we become a major source of revenue for the Cherokee Nation", said Jim Majewski, president and CEO of CNI.
CNI, a wholly owned corporation of the Cherokee Nation, employs more than 150 people in northeastern Oklahoma.
"CNI has always been a good neighbor in the local community", Majewski said. "We want to continue to grow and provide more jobs for our people right here in Adair County, in the heart of the Cherokee Nation."
Much of CNI’s success comes from a productive manufacturing division, which employs 150 at the company’s headquarters in Stilwell.
Cherokee Nation Industries continues to receive contracts for manufacturing and supplying aerospace equipment from Boeing Aircraft Company, Lockheed Aircraft Company, Frontier Engineering, Baldor Motors, British Aerospace as well as the U.S. Navy, U.S. Army, and the U.S. Air Force.
The future looks extremely bright for CNI manufacturing, with the current backlog in excess of $10 million and open quotes in excess of $30 million.
The most recent notable event for Cherokee Nation Industries happened on May 1, 2003 when the President of the United States, George W. Bush, landed on the aircraft carrier USS Abraham Lincoln in a Boeing S-3B Viking aircraft. CNI manufactured cable and electronics used in a recent upgrade on the aircraft.
Cherokee Nation Distributors (CND), a subsidiary of CNI, supplies and distributes parts worldwide to major aircraft companies. CND represents and distributes parts manufactured by Amphenol, Tyco Electronics, AMP, Sunbank, Cooper Bussman, Tensolite, Raychem and Microdot, to name a few. Overall CND distributes parts for more than 40 manufacturers.
Recently, CND earned the Supplier of the Year from Sikorsky Aircraft. CND’s backlog is in excess of $1 million with recent awards from both British Aerospace (BAE) and Boeing Aircraft Company (BAC).
Cherokee Medical Services, another subsidiary of CNI, continues to be successful in supplying medical services and personnel worldwide to the U. S. Army, U.S. Air Force, and U.S. Navy hospitals.
Cherokee Medical Services supplies health care services and management of the highest quality service oriented physicians, nurses, emergency medical technicians, dentists, orthodontists and chiropractors. Currently, Cherokee Medical is operating in over 30 locations in three different countries and more than 10 states, including Alaska and Hawaii. This highly successful company employs more than 300 people, is responsible for approximately 25% of the sales of CNI and about 25% of the profits. Cherokee Medical Services has a current backlog in excess of $100 million.
Cherokee Nation Industries Telecommunications division continues to survive the telecommunication downturn. CNI’s Telecom group has found new customers for it’s inventory and added new product lines to better serve both the new and existing customers. The telecom division has a current backlog of $1 million, is identifying and capturing new business at the rate of $2 million per month and is shipping products in excess of $2 million per month. Profitability for the telecom division is in a break-even situation after suffering several difficult quarters.
CNI employs more than 500 people worldwide, including more than 150 in northeastern Oklahoma. CNI is a tribally owned corporation of the Cherokee Nation and is comprised of distribution, professional services, telecommunications, and manufacturing divisions.
CNI was incorporated in 1969 to serve as the economic and workforce development arm for the tribe. The company, headquartered in Stilwell, Oklahoma, has more than 30 years contracting and distribution experience in the aerospace, defense and telecommunication industries. For more information on Cherokee Nation Industries, visit the company’s web site.
| Related contact information: |
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Mike Miller, Cherokee Nation Director of Communications Phone: 918-456-0671 (ext.2210) Fax: 918-458-5580 E-mail: Communications@cherokee.org
Larry Daugherty, Advertising Manager |
Steven Swogger, Agriculture Liaison Natural Resources Department Phone: 918-456-0671 (ext.2546) FAX: 918-458-7673 E-mail: sswogger@cherokee.org
Bradley D. Peak, Cherokee Nation |