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Figeac Aéro: a new contract in North America

(CercleFinance.com) - Figeac Aéro is up more than 3% on the Paris Bourse this Wednesday, after announcing that its US subsidiary has won a new contract from aeronautical equipment manufacturer GKN Aerospace.


The French group, which manufactures engine parts and landing gear, says the agreement covers large-scale wing skins for Gulfstream G500 business jets.

Based on current production rates, the value of the contract is estimated at over five million dollars, or one million dollars annually over a five-year period.

In a press release, Figeac stresses that this agreement will use its existing capacities, without requiring major investments.

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