Barnes Group Inc. (NYSE: B) said it has entered into a long-term aerospace supply agreement with UTC Aerospace Systems, a unit of United Technologies Corp. (NYSE: UTX).
Under the agreement, Barnes Group will provide nacelle inlet bulkheads for the Airbus A320neo family of aircraft equipped with Pratt & Whitney´s PW1100G-JM PurePowerÂ® engines.
In addition, Barnes Group will be the exclusive supplier to UTC Aerospace Systems of the pylon forward secondary structure for the Airbus A350 family of aircraft and of the nacelle inlet bulkheads for the Embraer E2 aircraft, the Mitsubishi Regional Jet, and the Bombardier CSeries aircraft.
Founded in 1857, Barnes Group is an international industrial and aerospace manufacturer and service provider, serving a wide range of end markets and customers. The highly engineered products, differentiated industrial technologies, and innovative solutions delivered by Barnes Group are used in far-reaching applications that provide transportation, manufacturing, healthcare products, and technology to the world. Barnes Group´s approximately 4,700 skilled and dedicated employees around the globe are committed to achieving consistent and sustainable profitable growth.