23rd Jan 2009 07:00
23 January 2009
Umeco Secures UK Availability Contract with BAE Systems
Umeco plc ("Umeco"), an international provider of supply chain and advanced composite materials primarily to the aerospace & defence industries, announces that Pattonair has signed a five year, UK based, supply chain contract with BAE Systems Military Air Solutions (MAS) for the supply of aerospace hardware valued at £4.5m over the contract period.
Pattonair will manage all procurement and logistics activity from its Woking facility, in line with BAE's Joint Availability Support Solution (JASS) providing parts and service to the Ministry of Defence's Harrier II aircraft.
Clive Snowdon, Chief Executive, Umeco plc, said: "We are proud to have secured this new contract with BAE Systems. Pattonair's strength and breadth of experience in the aerospace and defence market allows it to offer class leading efficiency on its supply chain services to major international businesses such as BAE Systems.
"Umeco Supply Chain continues to attract new contracts across the UK, Europe and America, such as the recent new contract with ATK, working with companies to improve their production processes and efficiency."
- Ends -
For further information, please contact:-
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Umeco plc |
Tel: +44 (0) 1926 331 800 |
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Clive Snowdon, Chief Executive Doug Robertson, Finance Director www.umeco.com |
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Hogarth Partnership |
Tel: +44 (0) 20 7357 9477 |
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John Olsen Barnaby Fry Vicky Watkins |
Further Information on Umeco plc
Umeco is a leading innovator in distribution and supply chain management to the aerospace and defence industries, harnessing new methods for enhancing its customers' performance and profitability. Umeco also has significant manufacturing interests in advanced composite materials for a growing range of applications in its core aerospace and defence markets and in other high performance technology industries such as motor sport, automotive and wind energy.
Listed on the London Stock Exchange, Umeco had revenue from continuing operations of £335.2 million in the year to 31 March 2008.
Umeco is managed through two business streams:-
Umeco Composites - a provider of a complete range of advanced composite materials principally to the aerospace, motor sport, automotive and wind energy markets.
Customers include Boeing, Airbus, BAE Systems, manufacturers of wind turbines, a number of manufacturers of high performance super cars and Formula 1 teams including Team McLaren Mercedes.
Umeco Supply Chain - a leading international provider of value-added distribution and supply chain outsourcing services to customers in the aerospace & defence market. With its specialisation in the supply of small and medium value components and sophisticated IT systems, its growing global customer base can enjoy significant operational, cost and working capital benefits.
Customers include Rolls-Royce plc, BAE Systems, Safran Group, Parker Aerospace, ATK, Goodrich, Thales Aerospace, Turbomeca, Lockheed Martin and the US Department of Defense.
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