Barnes Aerospace announces long-term agreement with MTU Aero Engines AG valued at $33 million

Barnes Aerospace is pleased to announce a long-term agreement extension with MTU Aero Engines AG, through which it will provide a package of precision fabricated components valued at $33 million. Leveraging its existing manufacturing capabilities, Barnes Aerospace–Singapore OEM will produce mission-critical aero-engine components to be used in Pratt and Whitney’s A320neo / A220 and Gulfstream G500 / G600 engines. These applications require high-precision technologies in high volume.

This agreement aligns with the Company’s growth strategy to scale Barnes Aerospace through deepening customer relationships and providing diverse capabilities with differentiated service offerings.

“With a focus on delivering operational and commercial excellence, Barnes Aerospace has once again been selected as a key supplier," said Ian Reason, Senior Vice President, Barnes and President, Barnes Aerospace. "The confidence of MTU Aero Engines to extend this contract supporting important growth programs is a testament to our excellent, long-standing relationship and the value placed on such performance.”

For decades, Barnes Aerospace–Singapore has been an industry-leading Original Equipment Manufacturer (OEM) specializing in precision stamped assemblies and tight tolerance machining. The business services a robust global customer base throughout the aerospace industry.