Press release from Business Wire
Wesco Aircraft Announces Contract Extension with PCC Aerostructures
Thursday, June 13, 2013
Wesco Aircraft Announces Contract Extension with PCC Aerostructures16:01 EDT Thursday, June 13, 2013
VALENCIA, Calif. (Business Wire) -- Wesco Aircraft Holdings, Inc. (“Wesco Aircraft” or the “Company”) (NYSE: WAIR), a leading provider of comprehensive supply chain management services to the global aerospace industry, today announced a contract extension with PCC Aerostructures (the “Customer”), a unit of Precision Castparts Corp. (NYSE: PCP).
The extension provides for additional services under a mix of just-in-time and long-term agreements with the Customer. The extension increases the number of Customer facilities and parts that were covered under the previous contract.
Terms of the agreement were recently finalized and will remain in effect until December 31, 2016.
Hal Weinstein, Executive Vice President of Sales and Marketing for Wesco Aircraft, said, “We are pleased that our relationship and support of PCC Aerostructures has continued to expand in scope and value over time. This contract extension speaks to the close working relationship we have with this valued customer as we partner with them to meet the demands of the global aerostructures market.”
To learn more about Wesco Aircraft, visit our website at www.wescoair.com.
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 inventories of aerospace parts, comprised of more than 500,000 different stock keeping units, including hardware, bearings, tools, electronic components and machined parts. Wesco Aircraft has more than 1,200 employees across 42 locations in 12 countries.
Wesco Aircraft Holdings, Inc.