26 Sep 2025 | 5 Mins Read
Azad Engineering inks deal with Mitsubishi Heavy Industries
Flipitmoney
Azad Engineering signed a $73.47 million long-term contract with Mitsubishi Heavy Industries to supply complex airfoils for power turbine engines, increasing their combined value to $156.36 million. The deal is structured over five years, with no related party transactions, and Azad Engineering reported a 73.7% year-on-year Q1 net profit rise due to robust revenue growth.