Barnes Extends Long-Term Agreement With ITP Aero Through 2025

October 28, 2021 5:18 PM | 1 min read |

Barnes Group Inc B business unit Barnes Aerospace has extended a long-term agreement with ITP Aero, a Rolls-Royce Holding RYCEY company, to manufacture components and assemblies for the Trent XWB engine program.
The arrangement's financial terms, which extend the duration of the previous agreement through 2025, were not disclosed.
Barnes Aerospace will continue to leverage its technology in the advanced metal forming, fabrication, and assembly of complex components.
Barnes Aerospace provides fabricated and precision-machined components and assemblies for OEMs of turbine engines, nacelles, airframes, industrial gas turbines, and the military.
Price Action: B shares closed higher by 0.74% at $41.04 on Thursday.

Posted In: News Penny Stocks Contracts Briefs

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.