Azad Engineering Limited has signed a Master Terms Agreement & Purchase Agreement with Pratt and Whitney Canada Corp., Canada, for development and manufacturing of aircraft engine components. This agreement establishes a framework for long-term collaboration aimed at strengthening Azad s manufacturing capabilities in the aerospace sector, in alignment with national strategic priorities.
AZAD · price
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Azad Engineering has signed a Master Terms Agreement and Purchase Agreement with Pratt and Whitney Canada Corp., a major global aerospace engine maker. The deal covers development and manufacturing of aircraft engine components, setting up a framework for long-term collaboration. This move strengthens Azad's position in the aerospace manufacturing sector and aligns with national strategic priorities in defence and aerospace. Pratt and Whitney is a subsidiary of RTX (formerly Raytheon Technologies), giving Azad access to a top-tier global customer.
Positive for shareholders — this partnership with a marquee global aerospace player validates Azad's manufacturing capabilities and could open the door to sustained high-value orders, potentially boosting long-term revenue and margins in the aerospace segment.