VSE Aviation Announces $350 Million in Distribution Agreements
VSE Corporation (NASDAQ: VSEC, "VSE", or the "Company"), a leading provider of aftermarket distribution and maintenance, repair and overhaul ("MRO") services for land, sea and air transportation assets for government and commercial markets, today announced that its VSE Aviation segment has entered into four distribution agreements with various global business and general aviation (B&GA) original equipment manufacturers (OEM) for a combined value of approximately $350 million.
- VSE Corporation (NASDAQ: VSEC, "VSE", or the "Company"), a leading provider of aftermarket distribution and maintenance, repair and overhaul ("MRO") services for land, sea and air transportation assets for government and commercial markets, today announced that its VSE Aviation segment has entered into four distribution agreements with various global business and general aviation (B&GA) original equipment manufacturers (OEM) for a combined value of approximately $350 million.
- These awards will serve to advance our domestic and international distribution relationships with both new and existing end-users, while further establishing VSE as a trusted partner of choice in the aviation market.
- The exclusive distribution agreements include the following:
A new 15-year distribution agreement with Pratt & Whitney Canada in the Asia Pacific region, representing a geographic expansion of the previously-awarded distribution agreement covering North America (announced in 2021). - VSE Aviation is currently the exclusive North American distributor of tail-mounted antenna systems, and by adding the FMA systems, VSE Aviation can now fully support B&GA operators in the US and EMEAI.