Meritor, Inc. (NYSE: MTOR) announced a new five-year agreement with Navistar on March 31, 2016. Under the terms of the agreement, Meritor retains standard position for brakes and rear axles, as well as standard position for front axles in severe service, medium-duty and bus applications.
"This new contract signifies our continued partnership with this important customer," said Chris Villavarayan, president, Americas for Meritor. "As we launch our M2019 strategy this year, this business builds on the strong foundation we've established to supply Meritor products to the leading truck manufacturers around the world and provides further opportunities for growth."
