AAR Corp. signs new engine parts supply agreement with Chromalloy
The Fly

AAR Corp. signs new engine parts supply agreement with Chromalloy

AAR Corp. (AIR) is pleased to announce the signing of a multi-year engine parts supply agreement to distribute Chromalloy’s Parts Manufacturer Approval parts for the CF6-80C2 engine high pressure turbine Stage 1 and Stage 2 turbine blades. Under the agreement, AAR will be the exclusive distributor of these two PMA blades to the global aftermarket with limited account coverage exclusions, due to Chromalloy’s pre-existing customer agreements. The agreement has an initial term of three years, and AAR has made an initial provisioning order that ensures there is inventory in place to provide for the global distribution of Chromalloy’s CF6-80C2 HPT Stage 1 and Stage 2 turbine blades.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App