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27 Jan 2010 07:00
27 January 2010 Avingtrans plc ("Avingtrans" or "the Group") Contract Win for Aerospace division
Avingtrans (AIM:AVG), the designer, manufacturer and supplier of critical components and associated services to the energy, medical, industrial and global aerospace sectors, is pleased to announce that its B&D Patterns Limited, a member of the Group's Aerospace division, has won a new contract with a major European Aerospace OEM for its self-locking nuts solutions for jet engine assemblies. The contract is valued at Euro 4m over its 4 year term.
By using advanced analytical modeling, B&D Patterns was able to develop and qualify a range of part numbers in this family of self locking nuts in a very short time scale. Extensive investment in equipment allows the nuts to be manufactured in a dedicated lean cell providing considerable cost savings for our customers.
Commenting, Steve McQuillan, CEO of Avingtrans, said:
"Our investment in the Aerospace division continues to demonstrate benefits to both new and existing customers, as shown by this significant contract win and we believe that our strengthening engineering capability will continue to attract new business."
www.avingtrans.plc.ukEnquiries:
Avingtrans plc, Steve McQuillan, CEO
Tel: +44(0)115 949 9020
KBC Peel Hunt
Richard Kauffer, Corporate Finance
Matthew Tyler, Corporate Broking
Tel: +44(0)20 7418 8900
Hansard Communications, John Bick
Tel: +44(0)20 7245 1100
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