Sypris Technologies, a subsidiary of Sypris Solutions, announced that it has entered into a long-term, sole-source extension to its current supply agreement with one of the world’s largest commercial vehicle manufacturers. The agreement provides for a continuation of Sypris’ Ultra Axle Shafts for use in the assemblies of the customer’s branded drive axles for medium and heavy-duty trucks. The components produced by Sypris are essential to the performance of the drive axles of heavy-duty vehicles. The new agreement is effective immediately and once completed represents over 25 years of continuous supply of products to this customer and its subsidiaries.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue