FIGEAC AÉRO Group (ticker symbol: FGA), a key partner for the major aerospace industry manufacturers, today, announced that its subsidiary SN Auvergne Aéro has won a new contract for the A320neo program.
This new contract, totaling USD 21 million over three years, is for the manufacture of titanium metal sheet parts for A320neo engine pylons and is the result, in particular, of the sales dynamic deployed by the Group.
FIGEAC AÉRO's financial stability as well as its proven ability to provide attractive industrial solutions were deciding factors in SN Auvergne Aéro winning this first contract since it was acquired by FIGEAC AÉRO.
The manufacture of these parts for the A320neo will take place at the Aulnat site, which will benefit from a portion of the €5 million investment plan over three years dedicated to SN Auvergne Aéro facilities in the framework of this contract.
Jean-Claude Maillard, Chief Executive Officer and Founder of FIGEAC AÉRO, said "this first commercial success places Auvergne Aéro back on a growth dynamic, a proven strategy within the Group for several years now. "
ABOUT FIGEAC AÉRO
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 3,000 employees, FIGEAC AÉRO operates in France, the United States, Morocco, Mexico and Tunisia. In the year ended 31 March 2017, the Group reported annual revenue of €325 million.