Brief: Itt Inc - Signed A 10-Year Strategic Agreement For Supply Of Aftermarket Brake Pads To Continental AG

ITT

20/03/2023 13:10

March 20 (Reuters) - Continental AG  CONG.DE :
    * ITT INC - SIGNED A 10-YEAR STRATEGIC AGREEMENT FOR SUPPLY
OF
AFTERMARKET BRAKE PADS TO CONTINENTAL AG
    * ITT INC - AGREEMENT IS EXPECTED TO GENERATE MORE THAN $1
BILLION
IN REVENUE OVER TERM
    * ITT INC - UNDER AGREEMENT, ITT FRICTION TECHNOLOGIES
(FRICTION)
WILL PROVIDE EXCLUSIVE AFTERMARKET BRAKE PADS TO CONTINENTAL
    * ITT INC - CONTRACT BEGINS ON JAN. 1, 2024, IMMEDIATELY
AFTER
CURRENT AGREEMENT EXPIRES, AND EXTENDS UNTIL DEC. 31, 2033

Source text for Eikon:  ID:nBwbySgGsa 
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