Rossell Techsys Limited shares jumped 9% following the announcement of a long-term Indefinite Delivery, Indefinite Quantity (IDIQ) contract with Boeing (NYSE: BA) to manufacture electrical panel assemblies for the T-7A Red Hawk, Boeing’s advanced pilot training aircraft. Under this agreement, Rossell Techsys is authorized to produce up to 1,200 shipsets through 2033, expanding its footprint in Boeing’s global supply chain.
This contract follows Rossell’s prior successful IDIQ engagement for wire harness assemblies for the same platform. The company has been involved with the T-7A Red Hawk program since its engineering and manufacturing development and early flight testing stages. Its consistent performance has earned it two Boeing “Supplier of the Year” awards, underscoring its role as a trusted partner in aerospace manufacturing.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
