Contract extension with MTU Aero Engines

RNS Number : 0208L

Senior PLC

28 April 2020

 

Senior plc announces a contract extension with MTU Aero Engines for the supply of Pratt & Whitney Geared Turbo Fan engines airfoils

Senior plc ("Senior"), an international manufacturer of high technology components and systems, announces today that its Aerospace Division has secured a contract extension with MTU Aero Engines for the supply of Pratt & Whitney Geared Turbofan engines airfoils.  This is a dual source arrangement from Senior Aerospace Thailand and Senior Aerospace Weston, UK which provides optimum risk mitigation for our customer.

Senior Aerospace support MTU on several stages of the Pratt & Whitney Geared Turbofan engines for the Airbus A320neo family and the Irkut MS-21 powered by PW1100G-JM and PW1400G-JM as well as the Embraer E2-Jet family powered by PW1900G and PW1700G.

Airfoils have been supplied to MTU by Senior Aerospace since the original contract award in 2014.  This contract extension represents an additional ten years to the existing term and is projected to achieve total additional sales revenue of approximately US$330M.

Uwe Böhm, Senior Vice President Procurement & Logistics, stated: "Senior Aerospace has proven to be a reliable supplier and partner for MTU Aero Engines during the recent years, especially based on their excellent technical capabilities as well as their exceptional customer orientation.  This strong and trustful partnership created the basis for the newly extended contract period up to 2031, enabling Senior Aerospace to perform a forward-looking long-term planning in order to support our most important engine programs."

Commenting on the contract extension, Joe Mockus, Chief Executive of Senior Aerospace Structures, said: "We are delighted to have secured this contract extension which reinforces our long-term strong relationship with MTU.  This is an important expression of confidence in our engineering capabilities and operational performance in our Aerospace Division."

About Senior Aerospace Thailand and Senior Aerospace Weston

Senior Aerospace Thailand, located in Chon Buri province, specializes in the manufacture of both structures components and assemblies, and compressor airfoils for high volume aero-engine programs.

Senior Aerospace Weston, located at Earby, Lancashire (UK), is principally a manufacturer of complex precision components, and sub-assemblies predominantly for the commercial aerospace market.

About Senior

Senior is an international manufacturing group with operations in 13 countries.  It is listed on the main market of the London Stock Exchange (symbol SNR).  Senior designs, manufactures and markets high technology components and systems for the principal original equipment producers in the worldwide aerospace, defence, land vehicle and power & energy markets.  Further information on Senior plc may be found at: www.seniorplc.com.

Further information Richard Webster-Smith

Finsbury

[phone]

 

END

 

 

NRAIRMATMTMTBRM