Constellium signs a multi-year contract with Airbus

Constellium N.V. (NYSE and Euronext: CSTM) has signed a contract with Airbus to support all of their leading aircraft programs.

The agreement — 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.

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.

Constellium 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 EUR5.2 billion of revenue in 2015.