CNC Industries is pleased to announce that we have been awarded a new multi-year contract for production of custom manufactured aerospace components. For this contract we will supply aluminum brackets, chassis, housings, and assembly components for the Boeing 737 MAX commercial jet. This contract is the beginning of what we hope to be many more contracts to produce parts for jets representing the future of the aviation industry. The 737 Max jet uses the new Leap-1B engine which allows it to be less expensive to operate and more environmentally friendly.
The new contract represents a major growth point for CNC Industries. We have been producing parts for the CFM56 and other contemporary jet engines for the prior 10 years, and continue to do so. As these engines are being replaced with newer, more efficient engines, CNC Industries will continue to play our part in the supply chain. We are proud to play our part in the machining and assembly of more than 200 individual aerospace components going into planes and jets throughout the entire world.
CNC Industries has been a long time partner to many aviation and aerospace manufacturers and has made components for both military and commercial jets. As a component part manufacturer to the aerospace and defense markets, CNC understands the importance of high quality and on-time delivery performance. We have been certified to the AS9100 quality standard every year since 2010 when we first applied for the certification and take pride in frequently being the number one supplier to our customers. Our parts have been used in most major commercial jet platforms all over the world.