5th Dec 2006 07:01
UMECO PLC05 December 2006 5 December 2006 Major Contract with Thales Aerospace Umeco plc ("Umeco"), an international provider of supply chain and repair &overhaul services and advanced composite materials primarily to the aerospace &defence and automotive industries, is pleased to announce that Pattonair, aUmeco Components company, has signed a major, long term contract with ThalesAerospace Division to provide a complete 'C' class supply chain solution for allof their sites in France. This new contract, which has an initial term of three years, will startimmediately and is expected to generate annualised revenues in excess of €10.0million once implementation is completed. Clive Snowdon, Chief Executive of Umeco, commented: "This is an important win for Pattonair in France and underlines the value thatwe are able to add to the supply chains of major aerospace manufacturers acrossthe world. "Pattonair has built a reputation for solid and timely delivery, which hasundoubtedly aided in the award of this important contract. We are delighted tobe working with Thales and will continue to look at ways in which we are able todevelop and enhance our working relationship together. " For further information, please contact: Umeco plc Clive Snowdon, Chief Executive 01926 331800 Hogarth Partnership Ltd John Olsen / Barnaby Fry 020 7357 9477 Umeco plc Umeco is a leading innovator in distribution, supply chain management and repairand overhaul services to the aerospace and defence industries, harnessing newmethods for enhancing its customers' performance and profitability. Umeco also has significant manufacturing interests in advanced compositematerials for a growing range of applications in its core aerospace and defencemarkets and in other high performance technology industries such as motor sport,automotive and wind energy. Listed on the London Stock Exchange, Umeco had turnover of £293.2 million in theyear to 31 March 2006. Umeco is managed through three divisions:- Umeco Components - a leading international provider of value-added distributionand supply chain outsourcing services to customers in the aerospace & defencemarket. With its specialisation in the supply of small components andsophisticated IT systems, its growing global customer base can enjoy significantoperational, cost and working capital benefits. Customers include Rolls-Royce plc, BAE SYSTEMS, Snecma Groupe, Parker Aerospace,Goodrich , Bombardier, Lockheed Martin and the US Department of Defense. Umeco Composites - a provider of a complete range of advanced compositematerials and specialist chemical products principally to the aerospace,motorsport, automotive and wind energy markets. A growing range of value-addedoutsourcing services is provided to major customers. Customers include Boeing, Airbus, BAE SYSTEMS, Goodrich Aerostructures, BritishAirways, Lufthansa Technik, a number of manufacturers of high performance supercars and Formula 1 teams including Team McLaren Mercedes. Umeco Repair and Overhaul - a provider of a comprehensive accessory repair andinstallation service to operators of fixed and rotary wing aircraft ranging insize from executive jets through to a Boeing 747. Customers include British Airways, KLM, Swiss, Alitalia Express, BristowHelicopters, BAE SYSTEMS, Saab Aircraft and Pratt & Whitney. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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