MTAR Tech Signs Long-Term Contract With Weatherford

MTAR Technologies, a company that makes important parts, signed a long-term deal with Weatherford Products to build special assemblies.

This contract will last 10 years, and MTAR expects to earn a lot of money from it each year.

They're building a new factory to make these parts, planned to be ready by mid-2026.

Last year, MTAR's sales went up, but not as much as they had hoped.

They're also starting to make new products for other companies.

The company's managers are hopeful that things will get better for them in the coming quarters.