on FIGEAC AERO (EPA:FGA)
FIGEAC AÉRO Expands Further in Mexico with New Contract
FIGEAC AÉRO has announced a new contract to manufacture electrical equipment parts in Mexico for the Airbus A220 program. The contract focuses on mid-sized aluminium parts for the aircraft, which aligns with the rising need for onboard electrical power in modern airliners.
This development strengthens FIGEAC AÉRO's presence in Mexico, demonstrating its capabilities in metal sheet and assembly activities. The company emphasizes its strategic relationships with major aerospace OEMs in North America, enabling it to support key aircraft programs without additional investments.
Expected to generate $18 million in revenue, the contract aims for a steady pace by 2027. It is part of the PILOT 28 plan, focusing on North America as a critical business area, accounting for nearly 40% of new business since the plan's inception. FIGEAC AÉRO has achieved over 58% of its 2028 target for new business.
R. P.
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