Wesco Aircraft Extends Integrated Supply Chain Services Agreement With GKN Aerospace
February 09 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 extension of an agreement
with GKN Aerospace, one of the world’s largest independent first
tier suppliers to the global aviation industry. The new multiyear
agreement extends Wesco’s current contract to provide integrated
supply chain services for C-class aerospace hardware and expands
chemicals services.
Dave Castagnola, Wesco’s president and chief
executive officer, said, “Our new agreement with GKN deepens our
relationship in North America and Europe with a valuable customer,
with significant growth in hardware and additional chemical
management services. The contract bolsters our position on major
platforms and provides opportunities for further expansion in the
future. It also represents another successful step in our
transformation of Wesco to better reflect our position as one of
the world’s largest providers of supply chain management services
to top-tier global aerospace and defense companies.”
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 570,000 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,” “believe” 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; risks associated with the company’s international
operations, including exposure to foreign currency movements;
environmental risks; risks related to the handling, transportation
and storage of chemical products; 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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