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Senior PLC - Senior plc announces Airbus multi-year contract

RNS Number : 8418C
Senior PLC
25 January 2018

Senior plc announces multi-year contract with Airbus

Senior plc ("Senior"), an international manufacturer of high technology components and systems, announced today that its Aerospace Division has won a new contract with Airbus as a Detail Part Partner.  The contract, which will be worth approximately $40M, will commence in 2018 and is expected to be in full production by 2019.  The scope of the contract is to provide medium-to-complex machine details and sub-assemblies to Airbus and its partner company STELIA Aerospace, on multiple programmes including A320, A330 and ATR.  The work will be performed at Senior's world-class cost-competitive South East Asian facilities in Malaysia and Thailand.

Commenting on the award, Joe Mockus, Divisional CEO of Senior Aerospace Structures, said: "We are delighted to be awarded this important contract and excited to grow our relationship with Airbus as a direct supplier on several key programs.  The investments we have made in our Senior Aerospace UPECA business in Malaysia and in Senior Aerospace Thailand enable us to be highly competitive and brings real value to our customers.  This is also a great example of how collaboration between Senior's business units can provide excellent solutions for our customers".

About Senior Aerospace Upeca and Senior Aerospace Thailand

Both Senior Aerospace UPECA and Senior Aerospace Thailand manufacture and assemble build-to-print structural components for the civil aerospace industry.  Core competencies include medium-to-complex multi-axis machining, structural assemblies and full NADCAP approved NDT and treatment capabilities that are located on site at both facilities.  Further information on Senior Aerospace UPECA may be found at: www.seniorplc.com/about-us/our-portfolio-of-businesses/aerospace/upeca.aspx and on Senior Aerospace Thailand may be found at: http://www.seniorplc.com/about-us/our-portfolio-of-businesses/aerospace/thailand.aspx

About Senior

Senior is an international manufacturing group with operations in 14 countries.  It is listed on the main market of the London Stock Exchange (symbol SNR).  Senior designs, manufactures and markets high technology components and systems for the principal original equipment producers in the worldwide aerospace, defence, land vehicle and energy markets.  Further information on Senior plc may be found at: www.seniorplc.com.

This information is provided by RNS
The company news service from the London Stock Exchange

Quick facts: Senior PLC

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Market: LSE
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