PARIS, June 03, 2020 (GLOBE NEWSWIRE) -- Constellium SE (NYSE: CSTM) announced today that it has signed a multi-year contract with Airbus. The new 10-year agreement supports all Airbus programs.
Under this agreement, Constellium will supply Airbus with a broad range of advanced aluminium rolled and extruded products, including wing skin panels, sheets for fuselage panels, and rectangular and pre-machined plates for structural components. Constellium will continue to supply its proprietary aluminium-lithium alloy solutions, Airware, a proven technology offering a combination of unique strength and weight properties.
"This agreement strengthens the long-standing partnership between Constellium and Airbus and further demonstrates the leadership role that Constellium holds in the market for advanced aluminium products and solutions," said Jean-Marc Germain, CEO of Constellium. "We look forward to working with Airbus to continue growing our relationship through our comprehensive product development, manufacturing, supply chain and recycling capabilities."
Constelllium's strong product quality, operational performance and customer service have been recognized by Airbus with the "Best Improver Award" in 2019 and the "Best Performer Award" in 2020 by their Supply Chain and Quality Improvement Program (SQIP).
Constellium will supply Airbus with products from its plants in Issoire and Montreuil-Juigné, France, and Ravenswood, West Virginia, USA.
About Constellium
Constellium (NYSE: CSTM) is a global sector leader that develops innovative, value added aluminium products for a broad scope of markets and applications, including aerospace, automotive and packaging. Constellium generated €5.9 billion of revenue in 2019.
www.constellium.com
Forward-looking statements
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| Ryan Wentling - Investor Relations Phone: +1 (443) 988 0600 Investor-relations@constellium.com (mailto:Investor-relations@constellium.com) | Delphine Dahan-Kocher - Communications Phone: +1 (443) 420 7860 delphine.dahan-kocher@constellium.com (mailto:delphine.dahan-kocher@constellium.com) |
