StandardAero (SARO) said late Thursday it will provide aftermarket services, including engine and engine component repair and overhaul, along with performance restoration and other maintenance, for CFM International LEAP turbofan engines under a new 15-year contract with a major airline based in the Middle East.
Financial terms of the contract were not disclosed.
Work will be performed at StandardAero's facility in San Antonio, Texas, the company said.
StandardAero shares recently rose 1.3% in Thursday's extended session.
Price: 27.39, Change: +0.34, Percent Change: +1.26
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