Aeronautics: Figeac Aéro signs two new contracts for €90 million

Aeronautics: Figeac Aéro signs two new contracts for €90 million
Aeronautics: Figeac Aéro signs two new contracts for €90 million

Businesses

Industry. A reference partner of major aeronautics manufacturers, Figeac Aéro has just won major contracts for single-aisle parts for the Airbus A220 and the Boeing 737 MAX. These two contracts should enable the Lot group to generate an annual turnover of €6 million by 2028.

  • Published on June 13, 2024

  • GdM Editorial
These two contracts relate to civil single-aisle aircraft parts, for a total value of around €90 million. (©Figeac Aéro)

The good news continues for Figeac Aéro, the specialist in the production of structural parts in light alloys and hard metals, engine parts, landing gears and sub-assemblies for aeronautics. After winning a contract worth €30 million at the end of 2023 for the supply of parts for the Leap-1B engine which equips the Boeing 737 Max, the Lot industrialist has just announced in a press release dated June 10, 2024 the signing of two new contracts relating to civil single-aisle aircraft partsfor a total value around €90 million.

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Covering numerous references in both titanium and aluminum for recent Airbus single-aisle programs A220 and the Boeing 737 MAX, these agreements mobilize all of the group’s businesses and involve several of its major sites in France and abroad. The duration of the two contracts extends until 2032 and the production ramp-ups are respectively scheduled over the second half of 2024 and in 2026.

Agreements resulting from long-term partnerships

For Thomas GirardDeputy Director General, these agreements come mainly “consolidate the group’s position on civil programs which spearhead the modernization of single-aisle fleets towards more fuel-efficient aircraft […] They also demonstrate our ability to reconcile competitiveness of the offer and financial performance”.

These two contracts should generate within four years an annual turnover of around €6 millionwhich constitutes a major advance on the growth trajectory defined by the group in its Pilot 28 strategic plan. Built on the foundations of its “Route 25” recovery plan launched after the Covid-19 crisis, this new roadmap must allow Figeac Aéro “to intensify its commercial, financial and extra-financial performance”.

Note that as of March 31, 2024, the Lot industrialist – present in France, the United States, Morocco, Mexico, Romania and Tunisia – announces having achieved an annual turnover of €397.2 million.

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