DJ FIGEAC AÉRO: FIGEAC AÉRO NORTH AMERICA DRIVES FURTHER LOCAL GROWTH WITH A NEW BUSINESS JET WIN WITH GKN AEROSPACE
FIGEAC AÉRO
FIGEAC AÉRO: FIGEAC AÉRO NORTH AMERICA DRIVES FURTHER LOCAL GROWTH WITH A NEW BUSINESS JET WIN WITH GKN AEROSPACE
04-Feb-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 NORTH AMERICA DRIVES further local growth with a new business jet win with gkn aerospace
FIGEAC AÉRO (FR0011665280 - FGA:FP), a leading partner for major aerospace manufacturers, today announced that its
U.S-based subsidiary, FIGEAC AÉRO North America, has been awarded a new contract by GKN Aerospace, covering wing skins
for the Gulfstream G500 business jet programme. At current production rates, contract value is estimated to be over USD5
million.
EXPERTISE DRIVING LOCAL GROWTH
Leveraging its expertise in advanced technical processes, FIGEAC AÉRO North America will provide GKN Aerospace with
highly complex shot-peen forming and processing services for the production of large-size lower wing skins for the
Gulfstream G500 business jet. Such complexity demonstrates the advanced capabilities and unique skillset the Group has
been able to deploy and maintain at each and every facility across the globe, enabling it to deliver local growth.
This achievement further highlights FIGEAC AÉRO North America's ability to build strong relationships with its
customers, as a highly responsive supplier. Its position as a local trusted partner and the Group's global reach will
be key to driving further growth in the extensive North American market.
STRONG DEVELOPMENTS & STRATEGIC GROWTH IN NORTH AMERICA
Production related to the contract has already begun. Based on current build rates and a five-year duration, it is
expected to generate USD1 million in annual revenue. It is making use of existing capacity and will therefore require no
significant investments.
Alongside the recent defense sector contract, this new agreement solidifies FIGEAC AÉRO's strategy for profitable
growth in North America. Such developments further reinforce FIGEAC AÉRO's confidence in achieving its ambitious PILOT
28 new business objective.
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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 & 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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Regulatory filing PDF file
File: CP_FGA_20250203_FANA GKN_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: 2080307
End of Announcement EQS News Service
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2080307 04-Feb-2025 CET/CEST
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February 04, 2025 11:45 ET (16:45 GMT)
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