Feb 18 (Reuters) - A large fire broke out at a Pennsylvania factory that makes fasteners for aircrafts, but no injuries were reported, authorities said on Tuesday.
The fire was reported at a commercial building of SPS Technologies in Jenkintown, Pennsylvania, according to the police.
The Abington Township Police Department said there was an explosion within the building and flames could be seen inside the warehouse structure, citing statements from witnesses.
One industry source said the fire at SPS is significant for the aerospace supply chain since the company is an important producer of fasteners for aircraft, including Boeing’s 787. Supply chain challenges have weighed on efforts by Boeing and rival Airbus to ramp up plane production to meet strong airline demand.
SPS Technologies, which is part of Berkshire Hathaway-owned Precision Castparts, makes fasteners and other parts for the aerospace and automotive industries, according to its LinkedIn page.
Precision Castparts did not immediately respond to a Reuters request for a comment.
Police added that a said shelter-in-place order was in effect for nearby areas.
(Reporting by Angela Christy in Bengaluru and Allison Lampert in Montreal; Editing by Chizu Nomiyama )
((AngelaChristy.M@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.