SOURCE: Constellium

May 24, 2012 05:29 ET

Constellium and Airbus Sign a Multi-Year Agreement for the Provision of Innovative Aluminium Solutions

PARIS--(Marketwire - May 24, 2012) - Constellium announces today that it has signed a multi-year agreement with Airbus estimated at approximately US$2 billion of value to support all leading aircraft programs from Airbus and its parent company, the European Aeronautic Defence and Space Company (EADS). With this deal, Constellium strengthens its collaboration with Airbus and confirms its position as the leading partner for aerospace aluminium products and solutions.

Under the new agreement, Constellium will supply Airbus with a broad range of aluminium rolled products for airframes including wing skin panels and stringers, aero-sheets for fuselage panels, as well as rectangular and pre-machined plates for structural components. In addition Constellium aluminium will be used across all key Airbus and EADS programs, and in particular will accompany the evolution of the A320 Family with advanced solutions for upper and lower wing skin panels. Constellium also collaborates on the longest 34-meter wing panels and largest structural components seen to date in the aviation industry.

This contract builds on the 10-year partnership agreement signed with Airbus in 2010 that marked the introduction of the AIRWARE™ technology on the A350 XWB. Between Airbus and Constellium there is a common drive to adopt the latest technologies for ever higher performance aircraft.

Leveraging aluminium's high level of recyclability without property loss, Constellium and Airbus are also committed to increase the recycling share of the aluminium chips generated during the manufacturing process. Driven by both companies' efforts to reduce the environmental impact of industrial production, this solution is one step closer to achieving a sustainable supply chain in the aerospace industry.

"This agreement is a significant accomplishment for Constellium. Through our partnership, we have a unique opportunity to work even more closely with Airbus to further develop innovative aluminium processes and designs," said Christophe Villemin, President of Constellium's Global Aerospace Division. "We are also eager to see our collaboration explore the full potential of aluminium technologies in future aircraft programs."

The products covered by this contract will be supplied from Constellium's major plants in Ravenswood (United States), Issoire (France) and Sierre (Switzerland). These three plants offer the perfect combination of capabilities to provide the full spectrum of products and secure Airbus and EADS requirements. The specific terms of the contract were not disclosed.

About Constellium

Constellium, formerly Alcan Engineered Products, is a global sector leader that develops innovative, value added aluminium products and solutions for a broad scope of markets and applications, including aerospace, mass transportation, automotive, packaging, energy and building and construction.

With over 9,000 employees Constellium is structured in 3 divisions: Global Aerospace, Transportation and Industry (Global ATI); Specialty Sheet; Extrusions & Automotive Structures. Constellium, with headquarters in Paris, is owned by affiliates of Apollo Global Management (51%), Rio Tinto (39%) and the "Fonds Stratégique d'Investissement" FSI (10%). Constellium generated EUR 3.5 billion of revenue in 2011.

About Constellium and Airbus partnership

In addition to this new deal, Constellium supplies its unrivalled AIRWARE™ technology for critical parts of the A350 XWB in the framework of a 10-year contract agreement signed with Airbus in 2010. Constellium has recently built its AIRWARE™ R&D casthouse in Voreppe (France) and is about to inaugurate in Issoire the very first casthouse in the world to produce AIRWARE™ in an industrial scale.

Through these contracts Constellium demonstrates its commitment to supply the aerospace industry with the most performing aluminium products and solutions enabling to deliver in terms of fuel consumption, and new maintenance requirements.

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