Senior PLC Contract extension with MTU Aero Engines
28 Aprile 2020 - 9:00AM
RNS Non-Regulatory
TIDMSNR
Senior PLC
28 April 2020
Senior plc announces a contract extension with MTU Aero Engines
for the supply of Pratt & Whitney Geared Turbo Fan engines
airfoils
Senior plc ("Senior"), an international manufacturer of high
technology components and systems, announces today that its
Aerospace Division has secured a contract extension with MTU Aero
Engines for the supply of Pratt & Whitney Geared Turbofan
engines airfoils. This is a dual source arrangement from Senior
Aerospace Thailand and Senior Aerospace Weston, UK which provides
optimum risk mitigation for our customer.
Senior Aerospace support MTU on several stages of the Pratt
& Whitney Geared Turbofan engines for the Airbus A320neo family
and the Irkut MS-21 powered by PW1100G-JM and PW1400G-JM as well as
the Embraer E2-Jet family powered by PW1900G and PW1700G.
Airfoils have been supplied to MTU by Senior Aerospace since the
original contract award in 2014. This contract extension represents
an additional ten years to the existing term and is projected to
achieve total additional sales revenue of approximately
US$330M.
Uwe Böhm, Senior Vice President Procurement & Logistics,
stated: "Senior Aerospace has proven to be a reliable supplier and
partner for MTU Aero Engines during the recent years, especially
based on their excellent technical capabilities as well as their
exceptional customer orientation. This strong and trustful
partnership created the basis for the newly extended contract
period up to 2031, enabling Senior Aerospace to perform a
forward-looking long-term planning in order to support our most
important engine programs."
Commenting on the contract extension, Joe Mockus, Chief
Executive of Senior Aerospace Structures, said: "We are delighted
to have secured this contract extension which reinforces our
long-term strong relationship with MTU. This is an important
expression of confidence in our engineering capabilities and
operational performance in our Aerospace Division."
About Senior Aerospace Thailand and Senior Aerospace Weston
Senior Aerospace Thailand, located in Chon Buri province,
specializes in the manufacture of both structures components and
assemblies, and compressor airfoils for high volume aero-engine
programs.
Senior Aerospace Weston, located at Earby, Lancashire (UK), is
principally a manufacturer of complex precision components, and
sub-assemblies predominantly for the commercial aerospace
market.
About Senior
Senior is an international manufacturing group with operations
in 13 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 power & energy markets. Further information on
Senior plc may be found at: www.seniorplc.com.
Further information +44 (0) 7796 708
Richard Webster-Smith Finsbury 551
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END
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