Wesco Aircraft Renews Multi-Year Agreement With Rockwell Collins
June 04 2018 - 9:00AM
Wesco Aircraft Holdings, Inc. (NYSE:WAIR), one of the world’s
leading distributors and providers of comprehensive supply chain
management services to the global aerospace industry, today
announced the renewal of an agreement with Rockwell Collins, a
leader in aviation and high-integrity solutions for commercial and
military customers around the world.
This multi-year agreement renews Wesco’s
existing contract to provide chemical management services to 15
Rockwell Collins sites in the United States and Mexico and expands
the offering over time to 12 additional Rockwell Collins sites
internationally. Rockwell Collins also utilizes Wesco’s proprietary
chemical lifecycle management platform, tcmIS®, to track and report
its chemical usage and chemical specifications, including
compliance with global export regulations.
Declan Grant, Wesco Aircraft’s executive vice
president and chief commercial officer, said, “We’re pleased to
build on our more than 14-year relationship with Rockwell Collins.
This renewed agreement reflects Wesco’s robust value proposition
and international reach, and further bolsters our position as one
of the world’s leading providers of integrated supply chain
management services to top-tier companies serving the global
aerospace and defense industries. Wesco has the expertise, chemical
distribution infrastructure and state-of-the-art chemical lifecycle
management platform to help customers manage this complex portion
of their supply chain."
About Wesco Aircraft
Wesco Aircraft is one of the world’s leading
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,
chemical management services, third-party logistics or fourth-party
logistics and point-of-use inventory management. The company
believes it offers one of the world’s broadest portfolios of
aerospace products, including C-class hardware, chemical and
electrical and comprised of more than 565,000 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 press release contains forward-looking
statements (including within the meaning of the Private Securities
Litigation Reform Act of 1995) concerning Wesco Aircraft Holdings,
Inc. These statements may discuss goals, intentions and
expectations as to future plans, trends, events, results of
operations or financial condition, or otherwise, based on current
beliefs of management, as well as assumptions made by, and
information currently available to, management. In some cases,
readers can identify forward-looking statements by the use of
forward-looking terms such as “provide,” “expand,” 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.
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
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; the company’s ability to retain key
personnel; risks associated with the company’s international
operations, including exposure to foreign currency movements; risks
associated with assumptions the company makes in connection with
its critical accounting estimates (including goodwill, excess and
obsolete inventory and valuation allowance of the company’s
deferred tax assets) and legal proceedings; changes in U.S. tax
law; changes in trade policies; the company’s dependence on
third-party package delivery companies; fuel price risks;
fluctuations in the company’s financial results from
period-to-period; environmental risks; risks related to the
handling, transportation and storage of chemical products; risks
related to the aerospace industry and the regulation thereof; risks
related to the company’s indebtedness; 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. All forward-looking statements included in
this news release (including information included or incorporated
by reference herein) are based upon information available to the
company as of the date hereof, and the company undertakes no
obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events
or otherwise.
Contact Information:Jeff MisakianVice
President, Investor
Relations661-362-6847Jeff.Misakian@wescoair.com
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