Barnes Group announces new aerospace program

The Barnes Group (B -1.1%) has entered into an aerospace aftermarket component repair program agreement with General Electric (GE -0.9%) . The deal states that as a licensed GE supplier, the Barnes Group has the right to sell specific services for CFM56 engines directly to the market.

CFM56 engines are manufactured by CFM International, a joint venture between GE and Snecma, a division of Safran (SAFRF).

The deal also extends the existing Barnes Group contracts which provide these services for GE.

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