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AeroEdge surges on acquisition of aircraft parts manufacturer
AeroEdge Co., Ltd <7409> opened with a glut of buy orders before seeing a rapid surge. The company manufactures titanium aluminide blades for aircraft engines, generating almost all sales overseas and securing a stable revenue base through a long-term supply contract with France's Safran. As the deployment of engines equipped with AeroEdge's titanium aluminide blades increases, the company's earnings are recovering strongly. Against this backdrop, the company announced after the close on May 20 that it will acquire all shares of aircraft fuselage parts machinist Ono Plant to make it a wholly owned subsidiary, sparking buying on expectations of business expansion.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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