Cirrus Aircraft Ltd. announced an update regarding its Extended Warranty Master Supply Agreement with Continental Aerospace Technologies, Inc. Under the terms of the agreement, Cirrus Design Corporation, a wholly-owned subsidiary of Cirrus Aircraft Ltd., has the right, but not the obligation, to purchase optional extended warranties from Continental for delivered engines through December 31, 2026. Each purchase order will specify the quantity and price, and Continental will issue invoices to Cirrus Design with payment due within 30 days of receipt. Prices for the extended warranty coverage are determined based on actuarial assessments and prevailing market rates, following principles of fair and reasonable arm's length transactions.