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.uk
Enquiries:
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