Thousands of parts and parts for airplanes, helicopters and other vehicles are at a massive surplus for the aerospace company.
The surplus, valued at about $4 billion, has been stored at the company’s headquarters at Edwards Air Force Base since July of last year, but the company hasn’t revealed how many of the surplus parts are still in existence.
In a statement to the Associated Press, Wilco said that the surplus includes thousands of aircraft parts that are now in private hands.
We’re confident that we’re well stocked with the most up-to-date parts for the planes, helicopters, helicopters engines, avionics, computers, fuel tanks, airframe parts and more,” Wilco spokesman Kevin Bickford said.
Wilco, which started out in the 1960s as a company that manufactured air-toveless uniforms for pilots and others, has become one of the largest suppliers of military-grade aircraft parts.
Some of the equipment used in the Boeing 787 Dreamliner is now at the center of a legal dispute with General Electric.
An arbitrator ruled in favor of GE in a lawsuit over the Dreamliner, which has faced several delays in the last year.
Last year, a federal judge awarded GE $1.7 billion in damages over the delay in the Dreamliners production line, which is the mainstay of GE’s aerospace business.
GE has since taken several steps to improve the Dreamlines production line and it has recently ordered a $1 billion overhaul of the entire facility.
A GE spokesman declined to comment on the latest news about the surplus.
While Wilco’s stock has gained more than 50% in the past year, it has struggled in recent months amid its ongoing fight with General Motors.
Shares of Wilco, the world’s biggest aerospace company, closed at $40.99 on Tuesday.