AAR And MTU Maintenance Extend Pratt & Whitney PW2000 Aircraft Engine Parts Supply Agreement
Portfolio Pulse from Benzinga Newsdesk
AAR Corp. (NYSE:AIR) has extended its contract with MTU Maintenance to supply parts for Pratt & Whitney PW2000 engines. This marks the fourth extension of a contract that began in 2009. The partnership streamlines logistical processes and creates cost efficiencies for MTU Maintenance's customers.
October 17, 2023 | 12:35 pm
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POSITIVE IMPACT
The contract extension with MTU Maintenance is likely to provide a steady revenue stream for AAR Corp. in the coming years.
The contract extension with MTU Maintenance ensures a continued demand for AAR Corp.'s aviation services, which is likely to positively impact its revenues and potentially its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100