Thermal processing services provider Bodycote PLC (LON:BOY) has entered into a long-term agreement with aerospace technology group Safran SA.
Under the agreement, Bodycote will provide manufacturing services, including thermal spray coatings, electron beam welding, hot isostatic pressing, heat treatment and other services to companies in the Safran group and their key strategic first-tier suppliers.
Bodycote's processes and technologies are used to prolong the working life of critical components and provide in-service protection from factors such as abrasion, temperature and wear.
The agreement ensures that manufacturing requirements will be met by a quality-focused supplier to support the growth in Safran's civil aerospace programmes, Bodycote said.
Shares in Bodycote rose 1.1% to 920.5p on the announcement.