(Yicai) July 7 -- Guizhou Aviation Technical Development, a Chinese manufacturer of aviation ring forgings, has received a USD44.6 million order from an overseas airplane engine firm.

Guizhou Aviation will supply forged products for jet engines to a foreign client from this year throughout 2029, the firm announced on July 4. The transaction amount is an estimate, based on the agreed unit price and the client’s delivery schedule.

The client is an international large-scale commercial aviation engine manufacturer with good credit standing on the Fortune Global 500 list, Guizhou Aviation noted, without revealing its name because of commercial confidentiality.

The news failed to boost the company’s shares, mainly because of the drag from a poor performance of  broad market today. Guizhou Aviation [SHA: 688239] closed down 1.2 percent at CNY33.11 (USD4.62) today. The Shanghai Stock Exchange Science and Technology Innovation Board’s SSE Star Growth Index, of which Guizhou Aviation is a component stock,  fell  1.1 percent.

Guizhou Aviation is the largest supplier of ring forgings for commercial aircraft engines in Asia and the only one in the region with supply qualifications from all major aircraft engine manufacturers.

The company’s products are used in commercial aircraft engines from General Electric Aerospace, Pratt & Whitney, Safran, and Rolls-Royce Holdings. They are also found in Leap-1C engines, which are equipped on China’s homegrown C919 jets.

The aircraft engine forged parts business is Guizhou Aviation’s largest business, accounting for nearly 81 percent of its total revenue last year, according to the firm’s latest annual financial statement. Its overseas sales revenue surged 25 percent to CNY763 million (USD100 million) last year from the year before, making up 45 percent of the total.

Editor: Futura Costaglione