FIGEAC AÉRO, SELECTED BY ISRAEL AEROSPACE INDUSTRIES LTD (IAI) FOR BOEING 777X PROGRAMME
The Figeac Aéro Group (ticker symbol: FGA), a major partner for leading aerospace companies, announced that it has been chosen by Israel Aerospace Industries Ltd (IAI) (TASE: ARSP.B1) to supply large structural aluminium parts for Boeing's 777X programme under a Long Term Agreement.
Israel Aerospace Industries Ltd selected the Figeac Aéro Group for the full manufacture of aeronautical parts exceeding 10 metres in length.
“We are very proud to have been selected by Israel Aerospace Industries Ltd, an achievement that enables us to enhance our role with in aerospace manufacturing. This new business puts us firmly on target to achieve our expected revenue of €650-750 million by March 2020, while maintaining our current margins[1]”, commented Jean-Claude Maillard, Chairman-CEO and Founder of Figeac Aéro.
The Boeing 777X will be the world's largest and most fuel-efficient twin-engine jet, with first delivery anticipated in 2020.
FIGEAC AERO
Jean-Claude Maillard
Chairman & CEO
Tel.: +33 (0) 5 65 34 52 52
ACTUS Finance & Communication
Corinne Puissant
Analysts/Investors
Tel.: +33 (1) 53 67 36 77
[email protected]
Jean-Michel Marmillon
Press relation
Tel.: +33 (1) 53 67 36 73
[email protected]
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Source: Actusnews