Wesco Aircraft Holdings Announces New Composite Management Services Offering
Wesco Composite Management Services will offer process materials and structural pre-impregnated (prepreg) engineered kits to customers in
The addition of composite materials complements Wesco’s already broad portfolio of aerospace products and services, which includes C-class hardware, chemicals and electronic components. Wesco will deliver fully scalable solutions, utilizing its premier logistics, warehousing and supply chain solutions and Velocity’s custom kitting process through point-of-use delivery. The newly formed partnership will invest in a state-of-the-art clean room and utilize Velocity’s proprietary nesting technology within Wesco’s U.S. distribution network.
The global aerospace composite materials market is expected to continue expanding at a high rate, driven largely by higher aircraft build rates, a multiyear aircraft backlog and an increasing composite content by weight in aircraft. Aircraft light-weighting with composite materials reduces cost per passenger mile, reduces emissions and enables ultra-long-range flight paths.
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This press release contains forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning
Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: general economic and industry conditions; conditions in the credit markets; changes in military spending; risks unique to suppliers of equipment and services to the U.S. government; risks associated with the loss of significant customers, a material reduction in purchase orders by significant customers, or the delay, scaling back or elimination of significant programs on which the company relies; the company’s ability to effectively compete in its industry; risks associated with the company’s long-term, fixed-price agreements that have no guarantee of future sales volumes; the company’s ability to effectively manage its inventory; the company’s suppliers’ ability to provide it with the products the company sells in a timely manner, in adequate quantities and/or at a reasonable cost, while also meeting the company’s customers’ quality standards; the company’s ability to maintain effective information technology systems and effectively implement its new warehouse management system; the company’s ability to successfully execute and realize the expected financial benefits from its “Wesco 2020” initiative; the company’s ability to retain key personnel; risks associated with the company’s international operations, including exposure to foreign currency movements; changes in trade policies; the company’s dependence on third-party package delivery companies; fuel price risks; fluctuations in the company’s financial results from period-to-period; environmental risks; risks related to the aerospace industry and the regulation thereof; risks related to the company’s indebtedness; and other risks and uncertainties.
The foregoing list of factors is not exhaustive. The reader should carefully consider the foregoing factors and the other risks and uncertainties that affect the company’s business, including those described in Wesco Aircraft’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other documents filed from time to time with the
Vice President, Investor Relations
Source: Wesco Aircraft Holdings, Inc.