DJ FIGEAC AÉRO NORTH AMERICA AWARDED NEW CONTRACT IN THE UNITED STATES
FIGEAC AÉRO
FIGEAC AÉRO NORTH AMERICA AWARDED NEW CONTRACT IN THE UNITED STATES
26-Nov-2024 / 18:00 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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FIGEAC AÉRO NORTH AMERICA awarded new contract in the United states
FIGEAC AÉRO (FR0011665280 - FGA:FP), a leading partner for major aerospace manufacturers, today announced that FIGEAC
AÉRO North America, was awarded a new contract by Textron Aviation Defense, LLC. The contract, for the manufacture of
wing skins for the Beechcraft T-6 Texan II and AT-6 Wolverine aircraft, is valued at EUR5 million.
GLOBAL REACH, LOCAL PRESENCE
The contract encompasses machining and processing services performed in the production of wing skins for Beechcraft T-6
Texan II military training aircraft and AT-6 Wolverine light attack aircraft. The T-6 and AT-6 are designed and
manufactured by Textron Aviation Defense LLC, a Textron Inc. (NYSE: TXT) company. Textron Inc. is a multi-industry
company known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex,
Lycoming, E-Z-GO, Arctic Cat, Textron Systems, and TRU Simulation.
The awarded entity is the Group's Wichita-based subsidiary, FIGEAC AÉRO North America, whose large-scale light alloy
machining and processing specializations were key in the receiving of this contract. Beyond industrial capabilities,
the award illustrates the relevance of the local-to-local strategy, which the Group has led by establishing a strong
presence in key aerospace industry hubs, ever closer to its customers.
Strong potential for further developmenT
Because FIGEAC AÉRO is strategically located in the aerospace hub of Wichita near the customer, the agreement will be
especially efficient, reducing costs and carbon footprint. The agreement makes use of existing capacity at FIGEAC AÉRO,
requiring minimal investments and optimizing working capital.
Shane Torgler, General Manager of FIGEAC AÉRO North America declared: "Establishing this Master Purchasing Agreement is
not only a great opportunity to work with a great customer in Textron Aviation but also to strengthen our presence
locally. We look forward to growing this statement of work to become a key supplier for Textron Aviation."
Steady progress in north america towards pilot 28 objectiveS
Adding to the three wins on commercial and business jet platforms earlier this year[1], FIGEAC AÉRO North America
continues to deliver profitable growth. As a key asset for the Group, it is spearheading the Group's steady progress in
the sizable North American commercial and defense markets, where developments are pivotal to achieving the PILOT 28
objectives.
FIGEAC AERO estimates it has now secured over 36% and is therefore confident it will achieve its annual EUR80 to EUR100m
new business revenue objective by March 2028.
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Upcoming events (after trading)
-- 11 December 2024: half-year results FY 2024/25
-- 5 February 2025: revenue for the 3rd quarter of FY 2024/25
About Figeac AÉro
The FIGEAC AÉRO Group, a leading partner for major aerospace manufacturers, specializes 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 EUR397.2 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
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[1] FIGEAC AÉRO awarded 3 new contracts by North American customers
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Regulatory filing PDF file
File: CP_FGA_20241125_FANA Textron_EN_vdef
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Language: English
Company: FIGEAC AÉRO
ZI de l'Aiguille
46100 FIGEAC
France
E-mail: actionnaires@figeac-aero.com
Internet: www.figeac-aero.com
ISIN: FR0011665280
Euronext Ticker: FGA
AMF Category: Inside information / Other releases
EQS News ID: 2038799
End of Announcement EQS News Service
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2038799 26-Nov-2024 CET/CEST
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November 26, 2024 12:01 ET (17:01 GMT)
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