Shares of PMGC Holdings (NASDAQ:ELAB) climbed 14% on Wednesday after the company disclosed that its California-based subsidiary, AGA Precision Systems, had entered a long-term supply agreement with a Tier 1 aerospace and defense firm.
The announcement represents AGA’s second long-term contract with an aerospace and defense customer in 2026, following a previously announced agreement with Turbo-Jet Products Co. that was disclosed on March 31. Under the new contract, AGA will fabricate and deliver precision CNC-manufactured components for the customer’s aerospace and defense programs.
The arrangement incorporates performance commitments that span quality, delivery and pricing standards appropriate for mission-critical defense applications. Those obligations are intended to meet the strict tolerances and reliability expected in defense supply chains.
The identity of the Tier 1 customer was withheld because of confidentiality obligations and regulatory requirements, including the International Traffic in Arms Regulations (ITAR). PMGC said it would provide additional disclosures only if the agreement reaches a level of materiality that requires further public reporting.
AGA Precision Systems is an ITAR-registered and AS9100-certified precision CNC aerospace and defense manufacturer based in California. The company’s capabilities include high-tolerance milling, turning and complex machining work on metals such as titanium, Inconel, stainless steel and various aluminum alloys.
According to the company, the long-term agreement enhances operational visibility and supports the potential for recurring revenue while strengthening AGA’s standing as a qualified supplier within the U.S. aerospace and defense industrial base. The contract underscores AGA’s role in producing components that demand tight dimensional control and specialized materials expertise.
No additional financial terms, volumes or timelines were disclosed in the company’s statement. The agreement’s confidentiality provisions and ITAR considerations were cited as the reasons for withholding customer identity and other potentially material specifics.
Contextual note: The disclosure reiterates AGA’s certifications and technical capabilities without providing incremental data about production ramps, revenue projections or delivery schedules. The company signaled it will update the market if the contract becomes material under regulatory reporting standards.