ADELANTO, CA, August 21, 2020 – Exquadrum, Inc., a research and development aerospace engineering company, has been named on the Inc. 5000 list of the fastest-growing 5,000 private companies in America in 2020. Joining the elite group of organizations who’ve been recognized over the years such as Microsoft, Vizio, Oracle, Patagonia, and more, this list honors companies who’ve achieved a significant increase in revenue and personnel over a three-year span. Exquadrum ranked 3748 on the Year 2020 Inc. 5000 list, showcasing an annual revenue growth rate of 97% over the last three years.
Exquadrum, Inc., a privately held company, was founded in 2002 by Eric Schmidt and Kevin Mahaffy who both individually had over a decade of experience in civil service at the Air Force Research Laboratory (AFRL), at Edwards Air Force Base. Since its inception, Exquadrum has had contracts with many Government customers including the Defense Advanced Research Projects (DARPA), the Missile Defense Agency (MDA), United States Air Force (USAF), and the Defense Threat Reduction Agency (DTRA). CEO of Exquadrum, Kevin Mahaffy, said, “From our early years, where contract values hovered around the $90,000 range, to our $15.1M contract awarded by DARPA in 2018 for the OpFires program, we have experienced tremendous growth as a company.”
Exquadrum attributes its staggering growth over the last almost two decades to doing exactly what its name means, thinking outside the box. Having just the right team in place to take ideas from pen and paper to CAD drawings to manufacturing, makes it a company which stands out among a field of very talented companies.
“Being named among the top 5000 fastest-growing, privately held companies in the nation is quite an honor and a prestigious recognition for Exquadrum and reinforces the leadership decisions we have made over the years,” said Eric Schmidt, President of Exquadrum. Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.