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AeroEdge extends gains in afternoon session on start of mass production of parts for major overseas aircraft manufacturer
AeroEdge Co., Ltd <7409> extended its gains in Friday's afternoon session. Around 1:00 p.m., AeroEdge announced that it started mass production of commercial aircraft parts for a major global manufacturer, as previously disclosed in October 2024, fueling buying interest.
The agreement involves a long-term contract to supply commercial aircraft parts from 2026 through 2036. In tandem, AeroEdge made capital expenditures of approximately 1.7 billion yen, primarily for machining centers, grinding machines, special process equipment, and non-destructive inspection devices. Having established mass production technologies and quality assurance systems, the firm secured customer certification for initial production to launch full-scale manufacturing. AeroEdge noted that the project's impact has already been factored into its earnings forecast for the fiscal year ending June 2026.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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