on FIGEAC AERO (EPA:FGA)
FIGEAC AÉRO Secures New €4 Million Agreement with Safran Electrical & Power
FIGEAC AÉRO has announced a significant agreement with Safran Electrical & Power, marking another step forward in aerospace power generation. The collaboration involves producing titanium and stainless steel parts for aerospace power systems. The contract, valued at over €4 million, underscores FIGEAC AÉRO’s competitive edge and strong client relationships.
Production will be based at the TOFER site in Escalquens, France. This facility already possesses the necessary industrial assets and expertise, allowing for an optimized investment approach. FIGEAC AÉRO estimates revenue of up to €4 million within five years, with initial deliveries expected by the financial year's end.
This development has enabled FIGEAC AÉRO to achieve 48% of its new business revenue target, instilling confidence in meeting its goals by March 2028. The partnership with Safran Electrical & Power enhances the company's presence in key aerospace programs managed by leading manufacturers like Airbus and Boeing.
R. H.
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