IAC Philippines/TomArmor Systems: Storming Ahead in the Defence Industry

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Jun 17, 2016, 04:00 ET

LONDON, June 17, 2016 /PRNewswire/ --

The CEO of an international vehicle armouring company - 'IAC Philippines/TomArmor Systems' was celebrating this week after being awarded the title of the country's top executive by Business Worldwide Magazine.

(Photo: http://photos.prnewswire.com/prnh/20160616/809784 )

Voted by the magazine's readers, entrepreneur Tom Fleenor was delighted to pick up the award which he received for his fast turn-around of an ailing armoured vehicle plant.

American-born Fleenor, whose company produces armoured vehicles for the defence and security sectors, bought over the former International Armoring Corporation Philippines operation last year. He then installed innovative technology, invested in new materials, application processes and completely restructured the manufacturing operation. As a result he has turned the company's fortunes around.

"We're delighted how well things have gone, considering what we started with," said Fleenor. "But really, this is only the beginning. As an independent company we will continue to innovate and develop top quality products so that our clients get the best of what the industry has to offer as well as feel a return on their investment."

Fleenor insists that his company's vehicles are the most technologically-advanced and bullet-resistant for passengers in the world. Doors, pillar posts, roofs, floor and every single piece of glass in a car can be surreptitiously security-strengthened while the vehicle maintains its original physical appearance - both inside and out.

Clients of IAC Philippines/TomArmor Systems include US homeland security, European defence industries, Southeast Asia and Philippine governmental contracts along with the private high wealth sectors. Then there are developing nations both in African and the Middle East who are facing both internal political stability from rebels and threats from nearby nations. Celebrity clients too are growing in number and nationality.

Fleenor added: "As well as being known as a company which produces top quality vehicles, we are also very much known for our honesty. Our corporate mission statement, for instance, states that we produce the finest, most technologically-advanced bullet resistant passenger and specialty vehicles in the world - and that's not wrong. In this industry the truth is essential; for one thing lives are at risk." We do what we say we will do, thus avoiding conflicts within the organization and clients. Transparency and honesty has played a critical part in the success of regaining our clientele and our ability to reorganize in a positive position.

Meanwhile the armoured vehicle sector is experiencing huge growth at the moment due, in the main, to the rise in conflict both across and within nations. There are predictions that the industry will be worth around $28 billion USD by the end of this decade. Previously it hit its peak during the Iraq and Afghanistan conflicts when the demand for Mine Resistant Ambush Protected Vehicles (MRAPs) escalated. By 2012, 42,000 of these vehicles had been produced, at a total cost of around $47.7 billion.

To find out more about the armoured vehicle industry and Fleenor's philosophy see www.iacphilippines.com

An article on the company can be found on BWM website

http://www.bwmonline.com/2016/05/driving-global-success-within-armoured-vehicle-industry/

For more details on Business Worldwide Magazine Awards 2016, go to http://www.bwmonline.com/awards

About Business Worldwide Magazine
Business Worldwide Magazine is the leading source of business and dealmaker intelligence throughout the world. Our quarterly magazine and online news portal enables an established audience of corporate dealmakers to track the latest news, stories and developments affecting the international markets, corporate finance, business strategy and changes in legislation. This readership includes of CEO/CFO - Banks, Corporate Lawyers and Venture Capital/Private Equity Companies to name a few.
http://www.bwmonline.com

Contact
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SOURCE Business Worldwide Magazine