Gil Speed began his career in aviation as a student apprentice in 1952 at the Bristol Aeroplane Company, now part of BAE Systems. In 1957 he moved to Eastern Airlines as a development engineer. Following an engineering stint at Pan Am, he founded Transequip, now part of Telair International. Speed was a supporting member of ISTAT since 1983, and recipient of the 2010 ISTAT Award. During his 60+-year tenure in the aviation industry, he was a well-respected industry partner and touched many lives. Speed passed away in January 2014 at age 81.
In his honor, the Gilbert W. Speed Award will recognize outstanding leadership and collaboration across the global aerospace and defense supply chain. The award will be presented annually at the conference he created, to an individual who is a leader and active collaborator around supply chain relationships in aerospace and defense, thus furthering the vision and values embodied by Speed. Winners must exhibit the qualities of entrepreneurship, vision, leadership, and inspiration to future leaders.
In addition to the award, ISTAT has established the Gilbert W. Speed Memorial Scholarship Fund as a way to recognize the many industry contributions and friendships Speed made during his career. Penton will contribute $10,000 annually to the fund, which will be awarded to students interested in aviation careers.
"Through knowledge transfer and community, Gil Speed made the industry more successful and collaborative, and we all owe him our deepest gratitude. This award and scholarship will secure his memory and legacy in the industry, and carry his vision forward," said Bimblick. "He was also an extraordinarily nice man."
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