Benzinga | Oct 28, 2021 05:18PM EDT

Barnes Extends Long-Term Agreement With ITP Aero Through 2025

* Barnes Group Inc (NYSE:B) business unit Barnes Aerospace has extended a long-term agreement with ITP Aero, a Rolls-Royce Holding (OTC:RYCEY) company, to manufacture components and assemblies for the Trent XWB engine program.

* The arrangement's financial terms, which extend the duration of the previous agreement through 2025, were not disclosed.

* Barnes Aerospace will continue to leverage its technology in the advanced metal forming, fabrication, and assembly of complex components.

* Barnes Aerospace provides fabricated and precision-machined components and assemblies for OEMs of turbine engines, nacelles, airframes, industrial gas turbines, and the military.

* Price Action: B shares closed higher by 0.74% at $41.04 on Thursday.