(AOF) – Figeac Aéro announces the signing of two new contracts relating to civil single-aisle aircraft parts, for a total value of around 90 million euros. Covering numerous references in both titanium and aluminum for the recent single-aisle programs of the Airbus A220 and the Boeing 737 MAX, these two contracts mobilize all of the group’s businesses and involve several of its major sites in France and abroad. the foreigner. The duration of the two contracts extends until 2032 and the production ramp-ups are respectively scheduled for the second half of 2024 and 2026.
By 2028, the two agreements should generate an annual turnover of around 6 million euros, which constitutes a major step forward on the growth trajectory defined with the Pilot 28 plan.
Taking into account the latest contracts won in the civil aeronautics segment, the group has already secured nearly 15% of its annual turnover target of 80 to 100 million euros from new business by 2028.
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The end of a duopoly?
For several decades, the American Boeing and the European Airbus have shared 99% of the world market for airliners with more than 110 seats. This market is worth more than 100 billion dollars per year. However, this duopoly appears weakened in 2022 for several reasons. First, for the first time, two medium-haul single-aisle aircraft, the C919 from China’s Comac and the MC-21 from Russia’s Irkut, are preparing to enter service. Added to this is the Boeing 737 MAX crisis. With the cessation of deliveries of this aircraft between 2019 and 2021, the production balance has been disrupted. In 2021 Boeing posted 340 deliveries, with Airbus remaining well in the lead, with 611.