Barnes Group Inc.Announces Contract Award With Northrop Grumman For B-2 Spirit Stealth Bomber Exhaust System Assemblies
WINDSOR, Connecticut – (BUSINESS WIRE) – Barnes Aerospace, a business unit of Barnes Group Inc. (NYSE: B), today announced that it has been awarded a multi-year contract by Northrop Grumman to produce a major metal sub-assembly for the B-2 Spirit Stealth Bomber Tailpipe Mid / Complete replacement program for the rear assembly fleet. The assemblies will be fabricated at Barnes Aerospace’s facility in Ogden, Utah, which has extensive expertise in precision exotic metal forming and complex assemblies. Barnes Aerospace has a long-term relationship with Northrop Grumman on complex and difficult-to-manufacture products.
“Barnes Aerospace is committed to partnering with its customers through its concurrent engineering capabilities to develop manufacturing solutions that deliver superior value. We look forward to continuing to support the B-2 Spirit Stealth Bomber program with Northrop Grumman, ”said Mike Beck, Senior Vice President of Barnes Group Inc. and President of Barnes Aerospace.
About Barnes Aerospace
Barnes Aerospace is a global manufacturer of complex, precision manufactured and machined components and assemblies for turbine engines, nacelles and structures for commercial and defense-related aircraft. In addition, Barnes Aerospace provides aircraft engine component MRO services to several of the world’s leading turbine engine manufacturers, commercial airlines and the defense market. It also manufactures and delivers spare parts.
About the Barnes Group
Barnes Group Inc. (NYSE: B) is a global provider of highly sophisticated products, differentiated industry technologies and innovative solutions, serving a wide range of end markets and customers. Its specialized products and services are used in large-scale applications including aerospace, transportation, manufacturing, automation, healthcare and packaging. The skilled and dedicated Barnes Group employees around the world are committed to the highest standards of performance and to achieving consistent and sustainable profitable growth. Barnes Group is committed to upholding corporate responsibility and promoting environmental, social and governance principles, as evidenced by our listing as one of America’s Most Responsible Companies by Newsweek. For more information, visit www.BGInc.com.
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to our future operating and financial performance and financial condition and often contain words such as “anticipate”, “believe”. “Expect”, “plan”, “estimate”, “plan”, “continue”, “want”, “should” and similar terms. These forward-looking statements are not guarantees of future performance and are subject to a variety of risks and uncertainties which may cause actual results to differ materially from those expressed in forward-looking statements. These risks include uncertainties related to financial market conditions; the future financial performance of the industries or customers we serve; risks associated with international sales and operations; the ability to maintain adequate liquidity and sources of funding; and general economic conditions affecting the industries we serve. A detailed discussion of these and other factors that may affect our future results is contained in the documents filed by Barnes Group Inc. with the United States Securities and Exchange Commission, including its most recent reports on Forms 10 -K, 10-Q and 8- K. The Company assumes no obligation to update our forward-looking statements.