DJ FIGEAC AÉRO: NEW WIN IN THE US BRINGS ADDITIONAL EXPOSURE TO THE BOEING 737 MAX
FIGEAC AÉRO
FIGEAC AÉRO: NEW WIN IN THE US BRINGS ADDITIONAL EXPOSURE TO THE BOEING 737 MAX
13-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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New win in the US brings additional exposure to the BOEING 737 MAX
FIGEAC AÉRO (FR0011665280 - FGA:FP), a leading partner for major aerospace manufacturers, today announced that a new
partnership was signed between Spirit Aerosystems and FIGEAC AÉRO North America, covering the processing of aluminium
skins for the Boeing 737 MAX.
Reinforcing the Group's strategic position in North AmericA
FIGEAC AÉRO North America (FANA) is to provide Spirit Aerosystems, a world's leading aerostructure manufacturer, with
surface treatment services for large-size aluminum skins, destined to be fitted on the fuel cells of the Boeing 737
MAX. These include services performed to increase protection from corrosion and resistance, in order to meet flight
requirements.
With a variety of processes such as anodization or painting, to be applied to light alloy parts ranging from 3 to 10
meters in size, the scope of this contract falls directly within FANA's core specialization. As it was the case with
the latest agreements in the US[1], close proximity and a good working relationship built over time were key in this
new win - another testimony to the efficacy of maintaining a strong local presence in major aerospace hubs.
With the additional exposure to the Boeing 737 MAX, it also marks a new and significant step in reinforcing the FIGEAC
AÉRO Group's strategic position on key commercial & defense programs in North America.
Business Developments aligned with PILOT 28 ObjectiveS
First deliveries have already been made. Production ramp-up is underway and cruising speed should be reached at the
beginning of financial year 2025/26. Based on current rate projections, FIGEAC AÉRO anticipates full-year contract
revenue to be above EUR1.4m.
Thanks to inventories of parts to be processed being held by the customer, and available industrial capacity, working
capital and capital expenditure requirements are both significantly minimized, in perfect alignment with objectives set
forth by the PILOT 28 strategic plan. On the revenue side, the Group estimates it has now secured about 40% of its
March 2028 new business objective.
Beyond this new win, FIGEAC AÉRO continues to pursue business development opportunities in its Wichita, Kansas and
Chihuahua, Mexico facilities. Ongoing developments are currently set to contribute further profitable growth in the
region.
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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] CP_FGA_20241125_FANA Textron_EN_vdef.pdf
CP_FGA_20250203_FANA GKN_EN_vdef.pdf
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Regulatory filing PDF file
File: CP_FGA_20250213_737 processing_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: 2086011
End of Announcement EQS News Service
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2086011 13-Feb-2025 CET/CEST
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February 13, 2025 11:45 ET (16:45 GMT)
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