Constellium signs a multi-year contract with Airbus for the provision of advanced aerospace aluminium products and solutions
AMSTERDAM, March 22, 2016 /PRNewswire/ -- Constellium N.V. (NYSE and Euronext: CSTM) announced today that it has signed a contract with Airbus to support all of their leading aircraft programs.
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The agreement – currently under Airbus Group Corporate approval - further solidifies Constellium's longstanding partnership with Airbus and confirms its position as a leading partner for aerospace aluminium products and solutions. Under the new agreement, Constellium will supply Airbus with a broad range of advanced aluminium rolled products for airframes including wing skin panels, aero-sheets for fuselage panels, as well as rectangular and pre-machined plates for structural components.
Constellium and Airbus will deepen their cooperation in logistic and recycling solutions to reduce inventories along the supply chain and support the ramp up of key Airbus programs such as the A320neo and the A350 XWB. In support of Airbus' continuous improvement targets, Constellium is committed to increasing the buy-to-fly ratio by developing and implementing near-net shaped and pre-machined products.
This contract builds on the partnership agreement signed with Airbus in 2010 that marked the introduction of the AIRWARE™ technology on the A350 XWB.
"I am proud to see Airbus and Constellium continuing to build on their long track record of successful relationship in the context of the high order backlog ahead of our industry," said Ingrid Jörg, President of Constellium's Aerospace & Transportation business unit. "By refining the way we work together, and thanks to the technology and industrial investments we made over the last years to increase our operational and business performance, Constellium is in a strong position to support Airbus in the execution of its key aerospace programs."
Constellium will supply Airbus with innovative and high-quality products mainly from its plants in Ravenswood (United States) and Issoire (France). The specific terms of the contract were not disclosed.
About Constellium
Constellium (NYSE and Euronext: CSTM) is a global sector leader that develops innovative, value added aluminium products for a broad scope of markets and applications, including aerospace, automotive and packaging. Constellium generated €5.2 billion of revenue in 2015.
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