PMGC Holdings Inc. (NASDAQ: ELAB) announced that its subsidiary A&B Aerospace Inc. has entered into a two-year manufacturing agreement with Precision Aerospace & Defense Group Inc. (PAD Group), under which PAD Group may issue purchase orders for precision-machined aerospace and defense components.

The agreement, effective July 23, 2026, automatically renews for successive one-year periods unless either party provides notice of non-renewal. The agreement does not include a guaranteed minimum purchase volume or revenue commitment, with pricing, quantities, and delivery schedules set on a purchase order basis.

Separately, PMGC Capital LLC, a wholly owned subsidiary of PMGC, invested $500,000 in PAD Group's Series F Convertible Preferred Stock offering.

The agreement covers purchase orders associated with U.S. federal government prime contracts, subject to Federal Acquisition Regulation and Defense Federal Acquisition Regulation Supplement requirements.

PMGC's precision manufacturing platform includes A&B Aerospace, AGA Precision Systems, and SVM Machining. A&B Aerospace, founded in 1948 and headquartered in Azusa, California, holds AS9100 and ISO 9001 certifications.

According to the press release, a non-binding term sheet outlines a proposed additional investment and service agreement between the two companies. Those arrangements remain subject to due diligence, execution of definitive agreements, required corporate approvals, and other closing conditions, with no assurance that they will be completed.