PWR Holdings Limited (ASX:PWH) Secures Major Aerospace Order
Key Highlights
PWR Holdings Limited (“PWR”, ASX: PWH) has announced that its subsidiary, C&R Racing Inc., secured a USD5.5 million (approximately AUD8.9 million) order to provide advanced cooling solutions for a US government project. This significant order is set for delivery in the calendar year 2025 and represents a crucial advancement in PWR’s growth strategy focused on the Aerospace and Defence sector.
Manufacturing Strategy
PWR’s vertically integrated manufacturing approach will facilitate the production of this order at its facilities in both Australia and North America. The project supports low-rate initial production and may lead to long-term opportunities for future contracts with the same platform.
Executive Comments
Managing Director Kees Weel stated, “This is PWR’s largest single order for Aerospace and Defence since we decided to build our own Aerospace and Defence team in 2020. Our decision to leverage our market-leading advanced cooling technology and expertise from Motorsport into Aerospace and Defence is now delivering tangible results.” He further acknowledged the efforts of the Aerospace and Defence team, stating, “This order represents an exciting step forward for PWR and reinforces the company’s position as a leader in advanced cooling technology.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended PWR Holdings. The Motley Fool Australia has positions in and has recommended PWR Holdings. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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