Latecoere

Investment company Searchlight Capital Partners is buying a 26% stake in French aerostructures and electrical systems manufacturer Latecoere.

Latécoère will extend its new factory in Toulouse-Montredon, France, with a 3,000 m² building for surface treatment and painting activities. The €10 million investment is expected to be delivered in the second half of 2019.

Latécoère's Aerostructures division was awarded a contract by Boeing to manufacture aft access doors for the KC-46A tanker aircraft. First delivery is scheduled for early 2020, with a production rate of about 15 aircraft per year.

Latecoere officially opened a new EUR 11 million plant for aircraft parts in the Maritsa industrial zone near Plovdiv, Bulgaria. The plant will produce elements for Airbus A320 and A330 doors, with 175 jobs expected by 2020.

Latecoere inaugurated a new plant in Plovdiv, Bulgaria, on September 12, 2018, with a total investment of about EUR 15 million. The facility will assemble avionic racks and aerostructures sub-assemblies for Airbus programs, with initial production of A350 avionic racks delivered in early September.

Latécoère inaugurated a new metallic detail parts production plant in Toulouse-Montredon, France, a digitized and automated factory 4.0, with an annual production target of 500,000 parts by 2020.

Latecoere's new plant near Plovdiv, Bulgaria, will open in March 2018. The 5,000-square-meter facility will produce small aircraft door assemblies and electrical distribution cabinets, with an investment of EUR 15 million over three years and 200 initial employees.

Latecoere will receive €6 million from the Juncker Plan for its new aircraft parts plant near Plovdiv, Bulgaria. The plant, part of a €110 million project, is expected to start operations by end of March 2018 and will produce doors and avionics cabinets for Airbus A320 and A330 aircraft.

Latecoere has been selected by STELIA Aerospace to manufacture the Over Wing Emergency Exit Door for Bombardier's Global 7000 jet, with first delivery scheduled for September 2018.

Latecoere is commencing construction of a production plant for aircraft components near Plovdiv, Bulgaria, with a EUR 15 million investment. The plant will manufacture components for aerostructures and interconnection systems, primarily for Airbus, and is expected to start production by the end of March 2018.

Latécoère aims to use 4,000m² of free space at its Hermosillo plant to expand production lines for the Interconnection Systems division. The plant manufactures passenger doors for Boeing 787 and harnesses for Airbus aircraft.

French company Latecoere will invest EUR 11 million to build a 5,000 sq m plant in Maritsa industrial zone near Plovdiv, Bulgaria, producing aircraft parts for Airbus. Initially 200 jobs, potentially rising to 600, with an additional EUR 4 million investment over three years.

AST, a South Korean aerospace parts maker, signed a KRW 19.1 billion contract with French aircraft manufacturer Latecoere to supply parts for the Airbus A350. The contract represents 21.79% of AST's 2016 revenue.

Latecoere laid the first stone of its new 4.0 factory in Toulouse-Montredon on July 13, 2017, with an investment of €25-30 million, expected to employ about 100 people and focus on digital, automated production of elementary components.

French company Latecoere announced plans to build a new aircraft parts factory in the Trakia Economic Zone near Plovdiv, Bulgaria. The plant is expected to start operations by end of 2017, initially employing 200 people and later up to 600.