AAR Signs Extension, Expansion Of Its V2500 Engine Component Distribution Agreement With Sumitomo Precision Products; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
AAR has extended and expanded its exclusive distribution agreement with Sumitomo Precision Products (SPP) for the V2500 engine component, including all starter/valve subcomponents, for the life of the program. No financial terms were disclosed.
April 11, 2024 | 8:07 pm
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AAR's extension and expansion of its distribution agreement with SPP for V2500 engine components could enhance its market position and potentially increase revenue streams from this product line.
The extension and expansion of the distribution agreement for V2500 engine components with SPP positions AAR favorably in the aerospace supply chain, potentially increasing its revenue from these components. The lack of disclosed terms makes it challenging to quantify the financial impact, but the strategic nature of the agreement suggests a positive outlook for AAR's aerospace segment.
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