Aircraft and defence engineering specialist Senior said it had won 10-year production contracts worth $80m from Collins Aerospace to supply thrust reverser structural components for Boeing 787, Airbus A320neo and Airbus A220 aircraft.
Source: Sharecast
Deliveries started in January for Boeing and will commence January 2025 for Airbus, with the parts made at Senior's factory near San Diego in the US.
Collins Aerospace is an American technology company that supplies aerospace and defense products. Headquartered in Charlotte, North Carolina, it is a subsidiary of RTX Corp, formerly Raytheon Technologies.
Reporting by Frank Prenesti for Sharecast.com
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.