FIGEAC AÉRO, SELECTED BY ROLLS-ROYCE AS A TIER 1 SUPPLIER - CONTRACT WORTH USD16 MILLION OVER 10 YEARS | Bourse Reflex
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FIGEAC AÉRO, SELECTED BY ROLLS-ROYCE AS A TIER 1 SUPPLIER - CONTRACT WORTH USD16 MILLION OVER 10 YEARS

Jeudi 15 Sep 2016 à 07:00

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.

 

ABOUT FIGEAC AERO

 

The FIGEAC AÉRO Group, a leading partner of major aerospace manufacturers, specialises in the production of light alloy and hard metal structural parts, engine parts, landing gear parts and sub-assemblies. An international group with a workforce of over 1,900 employees, FIGEAC AÉRO operates in France, the United States, Morocco, Mexico and Tunisia. In the year ended 31 March 2016, the Group reported annual revenue of €252.3 million. Its year-end order backlog was €3.9 billion.

 

 
 
 
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
cpuissant@actus.fr
   
   
Jean-Michel Marmillon
Press relation
Tel.: +33 (1) 53 67 36 73
jmmarmillon@actus.fr
 

[1] Based on €/$ parity of 1.18



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Mots-clés : Figeac   Rolls   Royce   Worth   Major   Chosen   Structural   Engine  

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