AAR Corp (AIR) said Thursday it signed an exclusive multi-year distribution agreement with TransDigm Group's (TDG) Whippany Actuation Systems.
The deal includes the global distribution of all components and sub-assemblies in Whippany's actuation product line and expands AAR's product offerings on key platforms, including Boeing's (BA) 737 and 777 jetliners.
AAR's distribution services also are expected to reduce lead times, add stocking locations and improve customer service for Whippany end users, the companies said. Financial terms and other details of the contract were not disclosed.
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