Hexcel and Safran Expand Scope of Existing Contract
Hexcel and Safran Expand Scope of Existing Contract for Advanced Composite Materials on Commercial Aerospace Programs
Hexcel Corporation (NYSE: HXL) announced today that the scope of its long-term supplier contract with Safran S.A. has been expanded to include advanced composite materials for a broader range of commercial aerospace applications.
For more than three decades, Hexcel has been a trusted, leading supplier of high-performance, advanced composites such as carbon fiber, adhesives, prepregs, dry fabrics, and honeycomb core to Safran programs. Since 2013, Hexcel HexTow® IM7 carbon fiber has been supplied for the LEAP*-1A, -1B and -1C engine programs. That contract now has been amended to include HexTow IM7 for the GE9X engine that powers the Boeing 777X.The contract also includes Hexcel core, adhesives, prepregs, and fabrics for additional applications on engine nacelles and aircraft interiors.
“It was time to include Safran Cabin, Safran Seats and Safran Aerosystems within our global long-term agreement,” said Thierry Viguier, Vice President, Safran Materials Purchasing. “Hexcel has shown again, during this difficult period of time, that they are a strong and reliable long-term partner.”
“This contract expansion is the result of a successful, collaborative relationship between Safran and Hexcel that started more than 35 years ago to serve the aerospace industry,” said Thierry Merlot, President Aerospace Europe, Asia Pacific, Middle East, Africa & Industrial. “This agreement will further strengthen the long-term partnership between our companies and reinforces our strategic position within Safran’s First Circle suppliers.”