Barnes Aerospace Announces Two Extended Long-Term Agreements With Safran; Barnes To Extend Relationship with Safran Aircraft Engines On Aftermarket Services For LEAP Casings; Extend CFM56 Component Repair Agreement
Portfolio Pulse from Benzinga Newsdesk
Barnes Aerospace has announced two extended long-term agreements with Safran. The agreements include extending their relationship with Safran Aircraft Engines on aftermarket services for LEAP casings and extending the CFM56 component repair agreement.
September 22, 2023 | 1:02 pm
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Barnes Aerospace, symbol B, has extended its long-term agreements with Safran. This could potentially increase Barnes' revenue and strengthen its position in the aerospace industry.
The extended agreements with Safran could lead to increased revenue for Barnes Aerospace. This is due to the potential increase in demand for their services, such as aftermarket services for LEAP casings and CFM56 component repair. This could also strengthen Barnes' position in the aerospace industry, making it a more attractive investment.
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