the essential
With a total value of €90 million, these two contracts should enable the group to generate an annual turnover of €6 million by 2028.
The Lot group has just signed two major contracts. Figeac Aéro will supply, via its various sites in France and abroad, numerous aeronautical parts in titanium and aluminum intended for the Airbus A220 and the Boeing 737 MAX. The type of parts that will be produced has not been specified. The total value of the two contracts is around €90 million, of which approximately €40 million is attributed to new references, extensions and extensions of allocated market shares. Thomas Girard, deputy general manager of Figeac Aéro, welcomes these new agreements. “They consolidate our position on civil programs which spearhead the modernization of single-aisle fleets towards more fuel-efficient aircraft.”
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Additional turnover of €6 million
The duration of these two contracts extends until 2032. They should generate an annual turnover of around €6 million within four years. The production ramp-ups of the various parts are scheduled for the second half of 2024 for the A220 and in 2026 for the MAX.
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Figeac Aéro: the Lotois group unveils “its ambitious roadmap” for 2028
Taking into account the latest contracts won in the civil aeronautics segment, Figeac Aéro indicates that it has already secured nearly 15% of its annual turnover target of €80 million from new contracts. horizon 2028. The group will announce the results for the 2023/24 financial year on June 26.
