Wesco Aircraft Renews Integrated Supply Chain Services Agreement With Gulfstream Aerospace
January 25 2016 - 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 renewal of an agreement
with Gulfstream Aerospace Corporation. Gulfstream designs,
develops, manufactures, markets, services and supports the world’s
most technologically advanced business-jet aircraft.
The new multiyear agreement renews Wesco’s
existing contract to provide integrated supply chain services for
C-class aerospace hardware and electronic components in North
America.
Dave Castagnola, Wesco’s president and chief
executive officer, said, “Our agreement with Gulfstream builds upon
a longstanding relationship with one of our most valued customers.
It positions us well on growth platforms and to expand our service
offerings in the future.”
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: “growth,” “future,” 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; 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; risks related to the aerospace
industry and the regulation thereof; 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
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