Wesco Aircraft (WAIR) Gets Contract Extension with Precision Castparts (PCP) Unit
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Wesco Aircraft Holdings, Inc. (NYSE: WAIR) announced a contract extension with PCC Aerostructures (the “Customer”), a unit of Precision Castparts Corp. (NYSE: PCP).
The extension provides for additional services under a mix of just-in-time and long-term agreements with the Customer. The extension increases the number of Customer facilities and parts that were covered under the previous contract.
Terms of the agreement were recently finalized and will remain in effect until December 31, 2016.
Hal Weinstein, Executive Vice President of Sales and Marketing for Wesco Aircraft, said, “We are pleased that our relationship and support of PCC Aerostructures has continued to expand in scope and value over time. This contract extension speaks to the close working relationship we have with this valued customer as we partner with them to meet the demands of the global aerostructures market.”
The extension provides for additional services under a mix of just-in-time and long-term agreements with the Customer. The extension increases the number of Customer facilities and parts that were covered under the previous contract.
Terms of the agreement were recently finalized and will remain in effect until December 31, 2016.
Hal Weinstein, Executive Vice President of Sales and Marketing for Wesco Aircraft, said, “We are pleased that our relationship and support of PCC Aerostructures has continued to expand in scope and value over time. This contract extension speaks to the close working relationship we have with this valued customer as we partner with them to meet the demands of the global aerostructures market.”
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