- 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.
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