Wesco Aircraft Extends Integrated Supply Chain Services Agreement With Triumph Group, Inc.
November 23 2015 - 9:00AM
Wesco Aircraft Holdings, Inc. (NYSE:WAIR), a leading provider of
comprehensive supply chain management services to the global
aerospace industry, today announced the extension of an agreement
with Triumph Group, Inc., a global leader in manufacturing and
overhauling aerospace structures, systems and components. The new
multiyear agreement extends Wesco’s current contract to provide
integrated supply chain services for C-class aerospace hardware and
expands its relationship with Triumph to manage additional sites.
Dave Castagnola, Wesco’s president and chief
executive officer, said, “We are very pleased to announce this
expanded relationship with such a longstanding and valued customer.
We believe that our new agreement with Triumph demonstrates Wesco’s
strong value proposition and our ability to grow revenue through a
broad portfolio of products and services.”
About Wesco Aircraft
Wesco Aircraft is one of the world’s largest
distributors and providers of comprehensive supply chain management
services to the global aerospace industry. The company’s services
range from traditional distribution to the management of supplier
relationships, quality assurance, kitting, just-in-time delivery
and point-of-use inventory management. The company believes it
offers one of the world’s broadest portfolios of aerospace
products, including chemical, electrical and C-class hardware and
comprised of more than 575,000 active SKUs.
To learn more about Wesco Aircraft, visit our
website at www.wescoair.com. Follow Wesco Aircraft on LinkedIn at
https://www.linkedin.com/company/wesco-aircraft-corp.
Forward-Looking Statements
This document contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, which relate to future, not past, events and
are subject to risks and uncertainties. The forward-looking
statements, which address the company's expected business and
financial performance and financial condition, among other matters,
contain words such as: “believe,” “grow” or similar words, phrases
or expressions. These forward-looking statements are subject
to various risks and uncertainties, many of which are outside the
company’s control. Therefore, the reader should not place
undue reliance on such statements.
Forward-looking statements by their nature
address matters that are, to different degrees, uncertain, such as
statements about expected business outcomes and growth. Although
the company believes the expectations reflected in such
forward-looking statements are based upon reasonable assumptions,
it can give no assurance that the expectations will be attained or
that any deviation will not be material. Readers are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of the date on which they are made.
Factors that could cause actual results to
differ materially from these forward-looking statements include,
but are not limited to, the following: general economic and
industry conditions; conditions in the credit markets; changes in
military spending; risks unique to suppliers of equipment and
services to the U.S. government; risks associated with the
company’s long-term, fixed-price agreements that have no guarantee
of future sales volumes; risks associated with the loss of
significant customers, a material reduction in purchase orders by
significant customers or the delay, scaling back or elimination of
significant programs on which the company relies; the company’s
ability to effectively compete in its industry; the company’s
ability to effectively manage its inventory; the company’s ability
to fully integrate the acquired business of Haas and to realize
anticipated benefits of the combined operations; risks relating to
unanticipated costs of integration; the company’s suppliers’
ability to provide it with the products the company sells in a
timely manner, in adequate quantities and/or at a reasonable cost;
the company’s ability to maintain effective information technology
systems; and other risks and uncertainties.
The foregoing list of factors is not
exhaustive. The reader should carefully consider the foregoing
factors and the other risks and uncertainties that affect the
company’s business, including those described in Wesco Aircraft’s
Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current
Reports on Form 8-K and other documents filed from time to time
with the Securities and Exchange Commission. These or other
uncertainties may cause the company’s actual future results to be
materially different than those expressed in any forward-looking
statements. The company undertakes no obligation to update or
revise any forward-looking statements.
Contact Information:
Jeff Misakian
Vice President, Investor Relations
661-362-6847
Jeff.Misakian@wescoair.com
Wesco Aircraft (NYSE:WAIR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Wesco Aircraft (NYSE:WAIR)
Historical Stock Chart
From Jul 2023 to Jul 2024