other material
confidence high
sentiment positive
materiality 0.70
Key Tronic awarded manufacturing contract with leading power equipment company; potential $80M annual revenue
KEY TRONIC CORP
- Manufacturing for one of world's leading power equipment companies expected to begin in 2022.
- Initial production will ramp at Key Tronic's manufacturing campus in Juarez, Mexico.
- Once fully ramped, annual revenue from the program could approach $80 million.
- Contract includes next generation design of the innovative power equipment product.
- New strategic relationship expected to contribute to profitable long-term growth.