Aerojet In Pact with Arrow Electronics; Sees Realizing Significant Annualized Savings on Deal
Aerojet, a GenCorp (NYSE: GY) company, announced today the signing of a multi-year master agreement with Arrow Electronics. The agreement covers procurement of approximately 65 percent of Aerojet's electronic component requirements.
Arrow Electronics is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions with 2011 sales of $21.4 billion. Arrow Zeus, its broadline division, is a provider of components and value-added services with a dedicated sales team that is focused exclusively on servicing the needs of the aerospace and defense customer base.
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