FIGEAC AÉRO, SELECTED BY ROLLS-ROYCE AS A TIER 1 SUPPLIER - CONTRACT WORTH USD16 MILLION OVER 10 YEARS
The Figeac Aéro Group (mnemonic code: FGA), top-level partner of the major aeronautical manufacturers, announced that it has been chosen by Rolls-Royce as a tier 1 partner for the first time.
This contract, worth USD16 million over 10 years, involves the manufacture of a package of four structural titanium engine parts for Rolls-Royce.
The parts will be produced at the Figeac site, the Group's European centre of excellence, for machining, surface treatment and pre-fitting. The first parts will be delivered in early 2017, with full production being reached in 2022. This new business will not require any additional investment.
“We are very proud to have been chosen by Rolls-Royce as a tier 1 partner for the first time. Our ability to meet the demanding expectations of this market in terms of technologies, operational readiness and competitiveness were key elements in winning this contract. 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.
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]
Regulated information
News releases under ongoing reporting obligations:
- other releases
Full and original press release in PDF:
https://www.actusnews.com/documents_communiques/ACTUS-0-45602-FIGEAC-ROLLS-ROYCE-VDEF-UK.pdf
Receive by email the next press releases of the company by registering on
www.actusnews.com, it's free
Source: Actusnews