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Tuesday, Nov 19, 2024

Wesco Wins Chemical Supply Contract

Wesco Aircraft Holdings Inc. has won a multi-year agreement with Science Applications International Corp. to support a recently awarded prime contract with the Defense Logistics Agency. Under the agreement, Valencia-based Wesco will provide chemicals, oils and lubricants. In addition to this latest subcontract agreement, Wesco supports a number of other SAIC programs, providing hardware for U.S. military end-users. “Wesco is uniquely positioned to provide chemical management services with the expertise, chemical distribution infrastructure and state-of-the-art chemical lifecycle management platform to help customers manage this complex portion of their supply chain,” Dave Castagnola, Wesco’s chief executive, said in a statement. Wesco shares closed Monday up 40 cents or 3.2 percent to $13.05 on the New York Stock Exchange.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.

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