The promoter appeared very confident.
Company has secured a $70 million contract with Airbus to manufacture aircraft components. According to management this is just the beginning.
Over the last decade, they’ve built a world-class aerospace business.
They’re tier-one manufacturer for Bell Helicopter, Airbus, and Boeing, winning the Supplier of the Year award from Boeing this year, and from Airbus two years ago. They have consistently been the best supplier for Bell.
The new contract with Airbus involves producing smaller, detailed parts. They are the sole global supplier to Airbus for the parts they provide.
Over the next 18 months, we can expect to see operating leverage in play, as they already have the human and manufacturing capacity in place to execute large orders when they come.
Disclosure: Not invested
Feel free to correct me if there are any mistakes.
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