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August 21, 2012
08:03 EDTEDACEDAC Technologies announces long-term agreement for military engine components
EDAC Technologies announced that it has been awarded a long-term agreement by an OEM customer to produce a major case assembly for a military engine program with U.S. and export applications. Components produced under the LTA, which extends from 2013 to 2017, will support both new production engines and field service replacements. With the addition of this agreement, based on projected volumes, EDAC's backlog has increased to approximately $317M, up from approximately $304.3M at June 30.
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