Orbital ATK shares were higher 1% on Monday after the aerospace and defense technologies provider said it has struck a $68 million long-term deal for Italy’s FLY SpA to supply it with various components.
FLY will provide metallic case components through 2026 for the Rolls-Royce Trent XWB-84k engine that powers the Airbus A350-900. FLY will also supply to Orbital ATK the seamless metallic V-groove ring assembly for the composite fan containment case manufactured by Orbital ATK.
The company said the agreement ensures a stable supply of the V-groove ring with an international partner capable of manufacturing the complex metal structure and advances Orbital ATK’s supply chain maturity through the duration of the Rolls-Royce XWB program.
