7th Mar 2016 07:56
LONDON (Alliance News) - Avingtrans PLC on Monday said its aerospace division Sigma Components has signed a ten-year contract with Rolls-Royce Holdings PLC.
The contract, worth more than GBP75 million, is for the supply of pipe assemblies for a range of engine programmes, including the Trent XWB variants fitted to the Airbus A350, Avingtrans said.
The contract also follows the completion of Sigma's GBP3.5 million acquisition of Rolls-Royce's internal pipe manufacturing businesses in Nuneaton, UK and Xi'an, China, at the end of January.
Avingtrans makes components for the aerospace, medical and energy sectors.
"We're delighted to have completed this deal, which cements our position on strategically important engine programmes and provides a platform for growth across our product range in key markets," Managing Director of Aerospace Mark Johnson said in a statement.
"The assemblies will be manufactured across our facilities in the UK and China, providing a springboard for further recruitment as programmes such as Trent XWB grow significantly in the coming years," he added.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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