Strength in Aerospace Segment Aids Barnes (B) Amid Cost Woes

Barnes Group Inc. (B) is benefiting from the strong performance of the Aerospace segment. The wear and tear from the increased use of older planes in the commercial market, particularly with narrowbody engines like the CFM56 and V2500, is aiding the after-market sales. The company has stepped up the production of both narrow-body airframes and wide-body airframes, and its maintenance, repair and overhaul (MRO) activity is strong. This underlying strength, along with the MB Aerospace acquisition, fueled the ...