PRN: Constellium signs a multi-year contract with Airbus for the provision of advanced aerospace aluminium products and solutions

22/mar/2016 17.08.07 PR Newswire Turismo Contatta l'autore

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Constellium signs a multi-year contract with Airbus for the provision of advanced aerospace aluminium products and solutions

 
[22-March-2016]
 

AMSTERDAM, March 22, 2016 /PRNewswire/ -- Constellium N.V. (NYSE and Euronext: CSTM) announced today that it has signed a contract with Airbus to support all of their leading aircraft programs.

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The agreement â€�“ currently under Airbus Group Corporate approval - further solidifies Constellium's longstanding partnership with Airbus and confirms its position as a leading partner for aerospace aluminium products and solutions. Under the new agreement, Constellium will supply Airbus with a broad range of advanced aluminium rolled products for airframes including wing skin panels, aero-sheets for fuselage panels, as well as rectangular and pre-machined plates for structural components.

Constellium and Airbus will deepen their cooperation in logistic and recycling solutions to reduce inventories along the supply chain and support the ramp up of key Airbus programs such as the A320neo and the A350 XWB. In support of Airbus' continuous improvement targets, Constellium is committed to increasing the buy-to-fly ratio by developing and implementing near-net shaped and pre-machined products.

This contract builds on the partnership agreement signed with Airbus in 2010 that marked the introduction of the AIRWARE™ technology on the A350 XWB.

"I am proud to see Airbus and Constellium continuing to build on their long track record of successful relationship in the context of the high order backlog ahead of our industry," said Ingrid Jörg, President of Constellium's Aerospace & Transportation business unit. "By refining the way we work together, and thanks to the technology and industrial investments we made over the last years to increase our operational and business performance, Constellium is in a strong position to support Airbus in the execution of its key aerospace programs."

Constellium will supply Airbus with innovative and high-quality products mainly from its plants in Ravenswood (United States) and Issoire (France). The specific terms of the contract were not disclosed.

About Constellium

Constellium (NYSE and Euronext: CSTM) is a global sector leader that develops innovative, value added aluminium products for a broad scope of markets and applications, including aerospace, automotive and packaging. Constellium generated €5.2 billion of revenue in 2015.

www.constellium.com

Forward Looking Statement

Certain statements contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This press release may contain "forward looking statements" with respect to our business, results of operations and financial condition, and our expectations or beliefs concerning future events and conditions. You can identify forward-looking statements because they contain words such as, but not limited to, "believes," "expects," "may," "should," "approximately," "anticipates," "estimates," "intends," "plans," "targets," likely," "will," "would," "could" and similar expressions (or the negative of these terminologies or expressions). All forward-looking statements involve risks and uncertainties.  Many risks and uncertainties are inherent in our industry and markets. Others are more specific to our business and operations. These risks and uncertainties include, but are not limited to, the ability of Cons! tellium and Wise to achieve expected synergies and the timing thereof; the risk that the businesses will not be integrated successfully or such integration may be more difficult, time-consuming or costly than expected; Constellium's increased levels of indebtedness as a result of the acquisition of Wise Metals, which could limit Constellium's operating flexibility and opportunities; the potential failure to retain key employees as a result of the acquisition of Wise Metals or during the integration of the business, the loss of customers, suppliers and other business relationships as a result of the acquisition of Wise Metals; disruptions to business operations resulting from the acquisition of Wise Metals; slower or lower than expected growth in the North American market for Body-in-White aluminium rolled products and other risk factors set forth under the heading "Risk Factors" in our Annual Report on Form 20-F, and as described from time to time in subsequent reports file! d with the U.S. Securities and Exchange Commission. The occurr! ence of the events described and the achievement of the expected results depend on many events, some or all of which are not predictable or within our control. Consequently, actual results may differ materially from the forward-looking statements contained in this press release. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by law.


Company Codes: NYSE:CSTM, EuronextParis:CSTM
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