Precision engineering firm Azad Engineering Ltd on Tuesday (November 18) said it has signed a Master Terms Agreement and Purchase Agreement with Pratt and Whitney Canada Corp. for the development and manufacturing of aircraft engine components.

The agreement sets a framework for long-term collaboration aimed at strengthening Azad Engineering’s manufacturing capabilities in the aerospace sector, aligning with national strategic priorities.

Also Read: Azad Engineering signs $73.47-million deal with Mitsubishi Heavy Industries

While the company did not disclose the size of the contract or significant terms due to confidentiality, it confirmed that there is no shareholding involved between the parties and that the deal does not fall under related-party transactions.

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