B/E Aerospace extends and expands agreement with United Technologies Corporation

B/E Aerospace has extended and expanded an agreement with United Technologies Corporation (UTC), to provide aerospace fasteners, hardware, consumables, and logistical services to UTC’s aerospace business units for their global operations. The agreement with UTC is through December 31, 2022 and is initially valued at approximately $950m. B/E Aerospace will supply UTC’s aerospace business units (Goodrich, Hamilton Sundstrand, Pratt & Whitney and Sikorsky Aircraft), with aerospace fasteners and hardware as well as a broad range of consumables. In addition, the Company will provide logistical services such as just-in-time delivery, bin management services, integrated supply chain logistics, and airplane-on-the-ground (AOG) support 24 hours a day, 365 days a year.