Mitsubishi Heavy Industries deal

Azad Engineering Limited has signed an eight-year long-term contract and price agreement with Mitsubishi Heavy Industries Limited, Japan, to act as a single source supplier of highly engineered hot-section nozzle vane segments for gas turbine engines, according to a regulatory filing. The agreement marks a shift for the Hyderabad-based precision engineering company from manufacturing compressor-section airfoils and other turbine components to producing critical combustion hot-section turbine nozzle vane segments. These components operate in high-temperature environments…