Premium AEROTEC and Aequs Aerospace Mark the Start of Their Strategic Partnership at Aero India 2015 With 7 Year $50 Million Deal
BENGALURU, February 24, 2015 /PRNewswire/ --
At Aero India 2015, Premium AEROTEC received the first aluminium series components from Aequs Aerospace as part of a long-term agreement to supply the Airbus Legacy programme.
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"For Premium AEROTEC this is the start of a strategic partnership with Aequs Aerospace and reflects an important step we are taking to reorient our supply chain in collaboration with global partners in the detail parts sector," said Florian Mack, Head of Strategic parts procurement at Premium AEROTEC, during the celebratory hand-over of the first components at the international Aero show in Bangalore. According to Mack, Aequs offered a very attractive value proposition from its precision engineering ecosystem, located in its Belagavi SEZ. "As an established supplier to the Airbus Group, Aequs Aerospace provides customers with an integrated value chain, from surface treatment to structural assembly capabilities. The high quality of the delivered components reflects the excellence and effectiveness of the collaboration between our transcontinental teams."
"It is exciting to deliver these first components to Premium AEROTEC under our long term agreement," said Walt Sirmans, President of Aequs Aerospace. Over the next seven years, Aequs Aerospace will supply approximately $50 million worth of precision machined parts for the Airbus A320, A330, A380 programs. After receiving FAI approval from Premium AEROTEC in December 2014, Aequs began delivering the first production parts just one month later. "The Aequs Aerospace ecosystem provides our customers outstanding responsiveness, ease of doing business, and real cost savings," continued Sirmans. "We're delighted to be a key supply chain partner with Premium AEROTEC and we're committed to providing world-class quality, delivery, and value."
Airbus also sources parts from Aequs Aerospace and welcomes this association. "The strategic partnership between Premium AEROTEC and Aequs Aerospace will provide Airbus additional supply chain flexibility and economic advantages," said Olivier Cauquil, SVP Procurement, Airbus Material and Parts.
About Premium AEROTEC
Premium AEROTEC is a 100 percent subsidiary of the Airbus Group and one of the world's leading supplier for the development and manufacture of large aircraft structures for civil and military aircraft. In its production sites in Germany and Romania, the company produces the most up-to-date aircraft components from aluminium, titanium and carbon fibre composites. In addition to this, Premium AEROTEC is making a substantial contribution to the development and production of the A350 XWB. The company also supplies relevant components for the Boeing 787 'Dreamliner', the Eurofighter and the A400M military transport aircraft. In 2013 Premium AEROTEC generated revenues of €1.6 billion.
About Aequs Aerospace
Aequs Aerospace is a wholly owned subsidiary of Aequs India Private Limited and specializes in precision machining, sheet metal fabrication, assembly, forging, and special processing for major OEMs and Tier 1 customers. Aequs Aerospace is headquartered within the Aequs Special Economic Zone located at Belagavi, Karnataka. The parent company, Aequs, provides precision engineering products for the aerospace, automotive, and oil & gas industries from its facilities in Belagavi, Bengaluru, and Houston, TX.
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SOURCE Aequs Aerospace
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