We Made the List!
August 18, 2020
Objective Area Solutions Reaches #358 on the Inc. 5000 Fastest Growing Companies List
Objective Area Solutions has come a long way since working out of a garage in 2016. Last week, the Inc. 5000 List was released with OAS coming in at #358 following a 3-yeargrowth rate of 1,259%. OAS ranked in the top 25 in the Business Products& Services industry and in the top seven percent of all companies on the Inc. 5000 list.
“We are always looking for new ways to propel the success of our public sector clients in the aviation industry, and our inclusion in the Inc. 5000 list demonstrates how far we have come and how far we can go,” said J.J.Stakem, CEO and President of Objective Area Solutions. “I want to thank our employees, clients, and supporters for helping us achieve this milestone as a team and look forward to ensuring the safety and security of millions of people in the air and on the ground.”
While most of the 2.7 million daily passengers flying around the world don’t think about what is happening behind the scenes, OAS is committed to the safety and efficiency of the aviation industry so our clients can bring those people home. Being named to the Inc. 5000 list is validation that our operational and technical solutions are helping clients solve their unique challenges and goals.
How the 2020 Companies Were Selected
Since 1982, the Inc. 5000 list has represented some of the country's most exciting and innovative companies. Previous selections include Microsoft, Patagonia, and LinkedIn, who experienced their first taste of national exposure after being named to the Inc. 5000 list.
To be considered for the 2020Inc. 5000 list, companies must have been founded and generating revenue by March 31, 2016, and surpassed several minimum revenue thresholds in both 2016 and 2019. Unlike similar lists that focus on a company's net worth, the Inc.5000 showcases growth and development.
According to Inc.com, 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 over1 million jobs over the past three years.
What the Inc. 5000 List Means to Us
From our clients to our internal team, we realize that this wouldn’t be possible without the continued belief in our vision: To ensure the safety and security of millions of people in the air and on the ground around the world. A Service-Disabled Veteran-Owned Small Business, OAS is a people-centric company and this recognition shows the strength of our community.
As the 19th fastest growing company in Virginia, OAS also takes pride in supporting other local DMV businesses. 281 Virginia-based companies were named on the Inc.5000 list, accounting for $13.9 billion in total revenue while adding 22,132 jobs to the state economy during the last three years.
“I am really proud of our team and what we have been able to accomplish in just four years,” concluded Stakem. “We have taken a unique path to get here and I am excited to see what the next step is for OAS, our clients, and the aviation industry.”
About Objective Area Solutions, LLC – Headquartered in Arlington, VA; OAS delivers specialized consulting services to public sector aviation, transportation, and defense programs to help its clients be more effective, connected, and resilient to improve performance.