FIGEAC AERO wins a US$23m strategic contract with Mitsubishi Canada Aerospace Inc.

The FIGEAC AERO Group, a leading partner of major aerospace industry companies, announces that it has been selected by MHI Canada Aerospace Inc. to produce a variety of parts and sub-assemblies for Bombardier's Global Express business jet program.

This marks the first time in its history that FIGEAC AERO has secured a contract with this major player in the aerospace industry.

MHI Canada Aerospace Inc. is a group company of Mitsubishi Heavy Industries – (MHI). MHI is one of the world's largest industrial groups, offering integrated, innovative solutions for numerous industries ranging from commercial aviation and transportation to power plants and gas turbines, and from industrial machinery and infrastructure to integrated aerospace and defence systems.

MHI Canada Aerospace Inc. has chosen the FIGEAC AERO Group to produce sheet metal parts and machined basic parts that will be manufactured in Tunisia (Best Cost site), while the final assembly of the 5 sub-assemblies will be carried out in France, an arrangement that will bolster domestic business for several years.

This new contract, which is valued at US$23M (the Long-Term Agreement), covers several subassemblies related to the Center Wing Box of Bombardier's Global Express.

"We are delighted to enter into this new partnership with such a formidable industrial group," said Jean-Claude Maillard, Founder and Chairman and Chief Executive Officer of FIGEAC AERO. "The signature of this strategic contract is a major first step that will pave the way to new cooperation opportunities with this Japanese group company while leveraging our technical expertise and shared experience."