Wesco Aircraft Extends GKN Contract - Analyst Blog
25 Mars 2014 - 11:00PM
Zacks
Wesco Aircraft Holding Inc. (WAIR), a provider
of comprehensive supply chain management services to the global
aerospace industry, announced the expansion of an existing
just-in-time (JIT) contract with GKN Aerospace (“GKN”) through Dec
31, 2017.
Through such JIT contracts the company aims to expand its scope of
product offerings and value-added services for its long-standing
customers. Per the latest contract, the company has increased the
number of stock keeping units (SKUs) for GKN’s operations in the
U.S. and Europe.
Most of Wesco’s large contractors are now moving towards JIT
contracts to drive cost efficiency and get improved services from
Wesco.
To expand its operations, Wesco Aircraft Holding acquired Haas
Group Inc. for $550 million in cash in Feb 2014. Since these
companies have a similar line of business, it will enable the
combined entity to cater to a larger customer base in a more
efficient manner.
Wesco Aircraft Holding expects fiscal 2014 revenues in the range of
$975 million to $1.01 billion reflecting an estimated
year-over-year improvement of 8.1%–12.0%. The company hopes to
achieve this target on the back of both organic and inorganic
growth.
Wesco currently holds a Zacks Rank #1 (Strong Buy). Other players
in the aerospace/defense sector include Huntington Ingalls
Industries, Inc. (HII), Northrop Grumman
Corp. (NOC) and Lockheed Martin Corp.
(LMT). While Huntington Ingalls holds a Zacks Rank #1 (Strong Buy),
Northrop Grumman Corporation and Lockheed Martin hold a Zacks Rank
#2 (Buy).
HUNTINGTON INGL (HII): Free Stock Analysis Report
LOCKHEED MARTIN (LMT): Free Stock Analysis Report
NORTHROP GRUMMN (NOC): Free Stock Analysis Report
WESCO AIRCRAFT (WAIR): Free Stock Analysis Report
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