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13th October 2016, Stamford, CT

Airbus contracts expected to generate sales of $15 billion for Hexcel

Hexcel Corporation announced today that two key contracts to supply advanced composites to Airbus Group have been amended. The company expects the contracts to generate total sales of $15 billion.

The existing contract relating to Hexcel products supplied for commercial aircraft, helicopters, space and military programs has been amended and specific commercial programs covered include the A350XWB secondary structures, A380, the A320 and A330 family, and ATR commercial aircraft.

Airbus family flight 2. Airbus’ product line of modern commercial jetliners includes the A320, A330, A350 XWB and A380 aircraft – which are shown here in formation flight. © Airbus. http://www.airbus.com/galleries/photo-gallery/dg/idp/110735-airbus-family-flight-2/?share=1.

The NH90, Tiger and EC135 helicopter programs are also included, as are the A400M military transporter and Ariane launch vehicle. Hexcel supplies a wide range of composite materials for these programs including fabrics, resins, prepregs and adhesives.

A second contract to supply HexPly M21E/IMA carbon fiber prepreg for the primary structures of the Airbus A350XWB aircraft has also been extended through to 2030, which covers the entire family of the A350XWB aircraft including the A350-1000.

Hexcel Chairman, Chief Executive Officer and President Nick Stanage, said: “As an advanced composites industry leader, we are extremely proud to continue our long and rewarding partnership with the Airbus Group and are excited to take our relationship to a new level. The contract amendments and extensions are the result of years of product innovation, operational excellence and hard work by Hexcel employees and our partners. We look forward to our continued partnership with Airbus Group to develop innovative solutions to maintain their competitive objectives.”

www.hexcel.com

 

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