Bodycote sprays market with Rolls-Royce deal

20th Jun 2011 10:51

Bodycote, the metals and alloys treatment company has signed a 10 year renewal agreement with Rolls-Royce.Bodycote has been working with the aerospace giant since the 1980s providing heat treatments, thermal spray coatings and electron beam welding to improve the efficiency and prolong the life of components.Bodycote will provide these services at six Rolls-Royce sites across the UK, including at the firm's precision casting facility in Derby.Bodycote is a FTSE-250 stock which fell sharply during the financial crisis but has since made a significant recovery, with the share price moving from around 100p in December 2008 to 397p on May 10th 2011.Despite today's announcement, however, the share price has fallen back somewhat in early trading to 330p, a fall of 6.33%BS