Furon Lands Contracts With Boeing
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LAGUNA NIGUEL — Furon Co. said Wednesday that Boeing Co. in Seattle has awarded it two five-year contracts, valued at more than $14 million, to provide specialized aircraft parts.
Furon, based in Laguna Niguel, makes rubber and plastic parts for other manufacturers. Under the new agreements, Furon will supply duct assemblies for Boeing’s 737, 747, 757 and 767 models. The ducts are used in environmental control systems, which provide heating and air conditioning inside the planes.
Furon’s stock rose 75 cents a share Wednesday to close at $17 in NASDAQ trading. During the day, the stock was selling for as much as $17.50 a share, a 52-week high. On Tuesday, Fisher Investments in Woodside, Calif., announced that it had acquired a 5.01% stake in Furon.
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