DJ FIGEAC AÉRO: FIGEAC AÉRO INVESTS IN THE INDUSTRY OF THE FUTURE WITH THE SUPPORT OF FRANCE 2030 AND THE DGAC
FIGEAC AÉRO
FIGEAC AÉRO: FIGEAC AÉRO INVESTS IN THE INDUSTRY OF THE FUTURE WITH THE SUPPORT OF FRANCE 2030 AND THE DGAC
13-March-2025 / 17:45 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 invests in the industry of the future with the support of France 2030 and the DGAC
FIGEAC AÉRO (FR0011665280 - FGA:FP), a leading partner for major aerospace manufacturers, announces its involvement in
the integrated supply chain project called "SUCHI" and EUR0.8 million in support from the CORAC (France's Civil Aviation
Research Council) and DGAC (France's Directorate for Civil Aviation).
The air transport industry is being buoyed up by megatrends and has overtaken its pre-crisis levels, with 2024 having
shown to be yet another year of double-digit growth. This momentum translates into a growing need for new commercial
aircraft, which means that backlogs across the industry are at a record high. In order to keep up with such strong
demand, the industry's top priority as a whole is to ramp up its build rates. The second priority, meanwhile, is to
rise to the technological challenges that will drive the industry's decarbonisation. The aerospace supply chain is
central to both these major priorities, so it needs to continue developing and prepare for the future.
With a strategy is based on a unique combination of know-how, technology and innovation, FIGEAC AÉRO is therefore in a
prime position to play a role in addressing these priorities. The Group invested more than 4% of its revenues in
Research & Development in financial year 2023/24. Its R&D efforts seek not only to continuously improve its existing
industrial processes but also to develop innovative processes that will enable it to rise to the challenges facing the
aerospace industry going forward.
The SUCHI project: a response to the aerospace industry's future challengeS
For this reason, FIGEAC AÉRO has become involved in the SUCHI (integrated supply chain) project alongside a large
number of industrial, technological and academic partners. The SUCHI project will advance in various phases running
until the end of 2026. It upholds the French aerospace industry's aspiration to build a common technological and
methodological ecosystem spanning the entire value chain, the aim being to optimise its ability to keep up with rising
aircraft build rates in the future.
All those involved will make use of common tools, industrial processes will be digitalised, and industrial data
throughout the value chain will be exploited, all of which are expected to deliver very substantial benefits:
- Speed, agility and precision, with products being developed jointly;
- Visibility and foresight, with variable demand levels and build rates being managed more effectively;
- Optimisation of the value chain's overall performance, with a positive impact on the working capital
requirements of those involved thanks to smaller inventories and shorter cycles.
FIGEAC AÉRO receiving EUR0.8 million of support from the CORAC and DGAG
The SUCHI project has been selected as part of France 2030, a EUR54 billion investment programme aimed at developing
industrial competitiveness and the technologies of the future, including those that will drive the aviation industry's
decarbonisation efforts.
This backing comes in the form of a EUR0.8 million grant spanning the project's duration, as decided by the CORAC
(France's Civil Aviation Research Council), a state-industry cooperation body. The CORAC is tasked with implementing
the industry's national research programme and bringing together and drawing on the expertise of the sector's major
manufacturers, specialized agencies such as the DGAC (France's Directorate for Civil Aviation), the Ministry of
Transport and leading research centres.
Thomas Girard, FIGEAC AÉRO's Deputy Chief Executive Officer, is very pleased with the initiative: "FIGEAC AÉRO is
particularly proud to be taking part in this collaborative project alongside so many other key industry players. We see
it as a technological building block that will form part of the core foundations of tomorrow's aerospace value chain.
It is therefore an essential step towards jointly developing the capacity to drive higher build rates on future
aerospace platforms."
Further recognition of the Group's innovation strategY
The Group is committed to enhancing the French aerospace industry's competitiveness and decarbonising the air transport
industry and thus intends to pursue its innovation-centric strategy, which is a cornerstone of its strategic plan PILOT
28.
As further recognition of its efforts, two of FIGEAC AÉRO's R&D projects have been selected the recipient of the 2024
"Avion Vert" (Green Aircraft) Challenge award. The Green Aircraft Challenge is hosted by aerospace competitiveness
cluster Aerospace Valley and a jury of experts consisting of major OEMs, institutions and research institutes, among
others; the event enhances visibility and increases opportunities for project development geared especially towards
reducing the industry's environmental impacts.
Register here if you wish to receive the FIGEAC AÉRO Group's latest news
Upcoming events (after trading)
-- 6 May 2025: revenue for the 4th quarter of 2024/25
-- 25 June 2025: 2024/25 full-year results
About Figeac Aéro
The FIGEAC AÉRO Group, a leading partner for major aerospace manufacturers, specialises 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 and 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
E-mail: simon.derbanne@figeac-aero.com / communications.group@figeac-aero.com
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Regulatory filing PDF file
File: CP_FGA_20250306_SUCHI_EN_vdef
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Language: English
Company: FIGEAC AÉRO
ZI de l'Aiguille
46100 FIGEAC
France
E-mail: communications.group@figeac-aero.com
Internet: www.figeac-aero.com
ISIN: FR0011665280
Euronext Ticker: FGA
AMF Category: Inside information / Other releases
EQS News ID: 2098796
End of Announcement EQS News Service
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2098796 13-March-2025 CET/CEST
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