FIGEAC AÉRO: FIGEAC AÉRO NORTH AMERICA DRIVES FURTHER LOCAL GROWTH WITH A NEW BUSINESS JET WIN WITH GKN AEROSPACE

 

 

 

FIGEAC AÉRO NORTH AMERICA DRIVES further local growth with a new business jet win with gkn aerospace

 

 

FIGEAC AÉRO (FR0011665280 – FGA:FP), a leading partner for major aerospace manufacturers, today announced that its U.S-based subsidiary, FIGEAC AÉRO North America, has been awarded a new contract by GKN Aerospace, covering wing skins for the Gulfstream G500 business jet programme. At current production rates, contract value is estimated to be over $5 million.

 

EXPERTISE DRIVING LOCAL GROWTH

Leveraging its expertise in advanced technical processes, FIGEAC AÉRO North America will provide GKN Aerospace with highly complex shot-peen forming and processing services for the production of large-size lower wing skins for the Gulfstream G500 business jet. Such complexity demonstrates the advanced capabilities and unique skillset the Group has been able to deploy and maintain at each and every facility across the globe, enabling it to deliver local growth.

This achievement further highlights FIGEAC AÉRO North America's ability to build strong relationships with its customers, as a highly responsive supplier. Its position as a local trusted partner and the Group's global reach will be key to driving further growth in the extensive North American market.

 

 

STRONG DEVELOPMENTS & STRATEGIC GROWTH IN NORTH AMERICA

Production related to the contract has already begun. Based on current build rates and a five-year duration, it is expected to generate $1 million in annual revenue. It is making use of existing capacity and will therefore require no significant investments.

Alongside the recent defense sector contract, this new agreement solidifies FIGEAC AÉRO's strategy for profitable growth in North America. Such developments further reinforce FIGEAC AÉRO's confidence in achieving its ambitious PILOT 28 new business objective.

 

 

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About Figeac AÉro

The FIGEAC AÉRO Group, a leading partner for major aerospace manufacturers, specialises in producing light alloy and hard metal structural parts, engine parts, landing gear and sub-assemblies. FIGEAC AÉRO is a global group operating in France, the USA, Morocco, Mexico, Romania and Tunisia. The Group generated annual revenue of €397.2 million in the year to 31 March 2024.

 

Figeac AÉro contacts

Jean-Claude Maillard

Chairman & Chief Executive Officer

Tel.: +33 (0)5 65 34 52 52

 

Simon Derbanne

VP Investor Relations, Corporate Communications, Public Affairs

Tel: +33 (0)5 81 24 63 91

Email: simon.derbanne@figeac-aero.com / communications.group@figeac-aero.com