PSS Enhances Manufacturing with New Contracts and Licenses
PSS has expanded its manufacturing capabilities through new licenses and contracts, including significant agreements with the U.S. Department of Defense. This growth reflects evolving demands in the automotive sector, indicating both opportunities and risks ahead.
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PSS has enhanced its manufacturing capabilities by acquiring licenses and remanufacturing rights from Adwest and TRW, focusing on steering components. The company has secured contracts for OE Series 600 Power Steering Pumps for U.S. military vehicles, in addition to a direct contract with the U.S.
Department of Defense. Since 2009, PSS has delivered more than 550,000 OE Steering Columns and over 250,000 OE & OES Series 600 Power Steering Pumps. The new 'clean room' assembly area underscores PSS's commitment to quality control for its products. This growth trajectory suggests that the company may face both opportunities and challenges due to fluctuating automotive demand.
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