Figeac Aéro Expands North American Production with New Contracts

Figeac Aéro, a French manufacturer of aerospace components, is increasing its production capacity in North America following the securing of three new contracts. The company will consolidate production activities for these contracts at its facility in Chihuahua, Mexico. These agreements will generate an additional $1.5 million in annual revenue for Figeac Aéro.

New Contracts Detail

The new contracts encompass the production of parts for aircraft manufactured by Airbus, Boeing, and Bombardier. Specifically, the agreements cover:

• Passenger Seats: Production of references for passenger seats intended for installation on various aircraft types.
• Boeing Electrical Harnesses: Manufacturing a set of boxes and support kits related to the installation of electrical harnesses for Boeing aircraft.
• Bombardier Landing Gear: Production of machined aluminum parts for landing gear systems used in Bombardier aircraft.

Strategic Expansion in Mexico

Figeac Aéro’s decision to centralize production of these contracts in its Chihuahua facility underscores the company’s commitment to expanding its presence in North America. The Chihuahua site is the Mexican manufacturing arm of the Figeac Aéro group, which offers global component manufacturing solutions for the aerospace and defense industry. The company anticipates first deliveries under the new agreements will commence this year.

Figeac Aéro’s Recent Performance and Outlook

Figeac Aéro has demonstrated a rebound in recent years, with revenues reaching €432 million in the 12 months to March 31st, compared to €397 million the previous year. EBITDA also reached a record €69.5 million. The company is on track to reduce its leverage ratio to around three by March of next year, according to recent reports. FlightGlobal.

Although approximately two-thirds of Figeac Aero’s revenues come directly or indirectly from Airbus, the company also has business with Safran, including work for the Boeing 737 Max’s Leap-1B engine. FlightGlobal.

Boeing’s Investment in Morocco

Boeing continues to expand its investment in the Moroccan aerospace sector. Casablanca Aeronautique, a Moroccan manufacturing arm of Figeac Aéro, will manufacture machined parts for Boeing’s 737 MAX program. Boeing. This partnership aims to strengthen the aerospace ecosystem in Morocco and benefit both Boeing and Casa Aeronautique. Boeing.