PTC Industries' subsidiary Aerolloy awarded Titanium casting contract by Safran Aircraft Engines
PTC Industries Ltd · Industrial Products
What the filing says
- Aerolloy Technologies, wholly owned by PTC Industries, received a development order for critical Titanium cast parts fully machined and ready-to-fit for the LEAP engine programme.
- The order is from Safran Aircraft Engines, an international commercial aircraft engine manufacturer, under a long-term agreement.
- A Memorandum of Understanding for a long-term production framework has been signed, but contract value remains undisclosed due to confidentiality.
Why it's rated notable: A development order has been received from Safran with its size not disclosed, and the long-term production framework is only an MoU subject to successful development and qualification, so the level is medium.
Original filing
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.