Figeac Aero

Saudi Arabian Military Industries (Sami) and France's Figeac Aéro signed an agreement at the Paris Air Show to form a joint venture to build a metallic aerostructures manufacturing plant in Riyadh or Jeddah, Saudi Arabia. Sami will be the majority shareholder.

Figeac Aéro inaugurated a new factory in Figeac, Lot, France on March 28, 2019, dedicated to producing casings for Safran's Leap engines under a contract valued at $500 billion (likely a misprint for $500 million).

Figeac Aéro was awarded a $23 million contract by Mitsubishi Canada Aerospace Inc. for the production of parts and sub-assemblies.

Figeac Aéro was awarded a $23 million contract by Mitsubishi Canada Aerospace to produce sheet metal parts and machined components for the Bombardier Global Express business jet. Parts will be made in Tunisia and final assembly of five sub-assemblies will be done in France.

Shandong Nanshan Aluminum Co., Ltd. and French company Figeac Aero signed a cooperation agreement to set up a joint venture, Nanshan Figeac Industry Co., Ltd, to produce aircraft components and parts. The joint venture was planned in March 2018.

Figeac Aéro signed a joint venture with Shandong Nanshan Aluminium in July 2018 to produce aluminium parts in Asia, with production targeted to start in 2020.

Figeac Aéro inaugurated a new EUR 20 million production site in Hermosillo, Mexico, producing parts for Boeing 787 Dreamliner doors, employing 160 people with plans for 500 by 2023.

Shandong Nanshan Aluminum Co. and France's Figeac Aero SA signed a cooperation agreement on March 10, 2018 to set up a joint venture in China for producing aircraft components. Each will contribute USD 10 million in cash.

Shandong Nanshan Aluminum Co., Ltd. signed a key terms agreement with Figeac Aero on March 10, 2018, to form a joint venture named Nanshan Figeac Aero Aerospace Parts Co., Ltd. The JV, with a registered capital of $20 million (50/50 split), will produce aerospace machined parts such as beams, rails, and stringers.

The EBRD is extending a €38 million loan to French aerospace manufacturer Figeac Aéro SA for the expansion of its production facilities in Morocco and Tunisia, supporting skill transfer and job creation.

Figeac Aero has won its first contract from Boeing to supply large structural aluminium parts for the 777X. Production will take place at its Wichita, Kansas factory, with first deliveries expected in 2018.

FIGEAC AERO Group has won its first contract as a direct supplier for Boeing, covering the manufacture of large structural aluminium parts for the 777X program, to be produced at its Wichita site with first deliveries in 2018.

Figeac Aéro's subsidiary SN Auvergne Aéro won a $21 million contract from Airbus to produce titanium sheet metal parts for the A320neo engine pylons. Production will be at the Aulnat site, supported by a €5 million investment plan.

VSMPO-AVISMA is discussing a machine-processing joint venture with Figeac Aero, a supplier to Airbus. A new facility in the Titanium Valley is one option, but initially existing capacities will be used. The plant is expected to become operational in 2019 or 2020.

Figeac Aéro obtained a 10-year contract worth over $600 million from Spirit AeroSystems to supply structural parts and subassemblies in aluminum and titanium for Airbus A350 and multiple Boeing aircraft. Series production will start in 2019, creating 200 jobs.

Figeac Aero was awarded an eight-year contract by Spirit AeroSystems to build primary parts and subassemblies for Airbus A350 and Boeing 737, 747-8, 767 and 777 aircraft.

Figeac Aero North America was awarded the largest contract in its history from Spirit AeroSystems to build parts and sub-assemblies for Airbus A350 XWB and Boeing 737, 747-8, 767 and 777 aircraft, with work to be done in Wichita and other sites.

Figeac Aéro announced the acquisition of the assets of Groupe Auvergne Aéronautique, an aerostructures specialist, following a Lyon commercial court ruling on November 24, 2016. The acquisition includes three plants in Clermont-Ferrand, Auxerre, and Casablanca, employing 705 people.

VSMPO-AVISMA intends to start titanium product processing joint ventures with United Aircraft Corporation (UAC) and Figeac Aero, located in the Titanium Valley Special Economic Zone in the Middle Urals. Total investment in the VSMPO – New Technologies facility is about 1.7-1.8 billion rubles, with first batch production scheduled for Q1 2018.

Saudi Arabian Military Industries (SAMI), FIGEAC AERO Group, and Dussur signed an agreement to establish SAMI FIGEAC AERO Manufacturing LLC, which will build a high-precision manufacturing facility in Saudi Arabia to produce aero structures components.