Nu Horizons Electronics Corp. has Broken Out

Nu Horizons Electronics Corp. (NUHC), the recent favorite of mine has broken out about $14 with massive volume today. It was a recommended buy around $13 after the initial breakout a week or two ago. The breakout is probably due to the award from Lockheed Martin. Here is the news taken from company's press release verbatim:

Nu Horizons Electronics Corp. Awarded Lockheed Martin STAR Supplier-Facility Award
Wednesday August 30, 11:01 am ET
Second Time Designation Granted for Company's Supplier Excellence Achievement in Meeting Strict Aerospace Industry Performance Criteria

MELVILLE, N.Y.--(BUSINESS WIRE)--Aug. 30, 2006--Nu Horizons Electronics Corp. (NASDAQ:NUHC - News), a leading global distributor of advanced technology semiconductor, display and system solutions, announced today that Lockheed Martin Corporation (NYSE: LMT - News) awarded the Company their STAR Supplier-Facility Award. Nu Horizons is a two-time winner of this award and is still the only electronics component distributor to be recognized with STAR supplier status by Lockheed Martin. Less than one half of one percent of all Lockheed Martin suppliers have been recognized with this award. The STAR award was presented at Nu Horizons' corporate headquarters on August 29.

Designed to recognize supplier excellence, the highly coveted and exemplary STAR award is granted to a limited number of Lockheed Martin top-performing suppliers who distinguish themselves by meeting some of the most strict performance criteria within the aerospace industry. To join Lockheed's elite group of STAR suppliers, Nu Horizons achieved 100% quality and 100% delivery for all product quality and delivery objectives over the course of a minimum of one year. Additionally, the Company met the established criteria for Lockheed Martin's Supplier Performance Evaluation metric within four categories comprised of quality, delivery, affordability and management/ administration.

"Lockheed Martin continues to appreciate the key partnership that they have shared with Nu Horizons Electronics Corporation," says John Shelton, senior manager, NMAC Direct Material Procurement for Lockheed Martin. "Sustained top level performance by Nu Horizons has contributed to the on going success of a number of key Lockheed Martin programs."

Arthur Nadata, chairman and CEO for Nu Horizons, adds "Nu Horizons is honored to receive this prestigious designation from Lockheed Martin for the second time. The STAR award exemplifies supplier excellence, and through the dedicated efforts of our field and management teams we are very proud to once again meet Lockheed's strict quality and delivery requirements to improve our overall performance."

Lockheed Martin introduced the STAR Supplier Program award in 1999 with the dual objectives of developing stronger supply chain relationships and providing a recognition means for their top-performing suppliers. All Lockheed Martin STAR Suppliers are provided with increased visibility across the Lockheed Martin Corporation. This exposure results in increased opportunity for business and consideration for reduced oversight at the supplier level. Lockheed Martin and its customers likewise share benefits in higher supplier product quality, improved delivery performance and associated cost savings.

About Lockheed Martin Corporation

Headquartered in Bethesda, Md., Lockheed Martin employs about 135,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2005 sales of $37.2 billion.

About Nu Horizons Electronics Corp.

Nu Horizons Electronics Corp. is a leading global distributor of advanced technology semiconductor, display and system solutions to a wide variety of commercial original equipment manufacturers (OEMs) and Electronic Manufacturing Services providers (EMS). With sales facilities in 48 locations across North America, Europe and Asia and regional logistics centers throughout the globe, Nu Horizons partners with a limited number of best-in-class suppliers to provide in-depth product development, custom logistics and life-cycle support to its customers. Information on Nu Horizons and its services is available at http://www.nuhorizons.com