Airbus on Thursday contracted Aequs Aerospace, a wholly-owned subsidiary of Aequs, to supply over 100,000 titanium machined parts for the A320neo (new engine option) programme. These parts will be delivered to the Airbus plant in Toulouse, France where they will be assembled onto the pylon structure, used to mount engines on the aircraft wing. The financial details of the contract were not disclosed.
Aequs will perform the work at its 100,000 sq ft aerospace machining facility at the Special Economic Zone in Belagavi in North Karnataka.
Addressing a press conference, Srinivasan Dwarakanath, president of Airbus Division in India said Aequs is the second global supplier for titanium parts to Airbus. This will help the company to step up production of A320neo aircraft. Airbus has received orders from Indian carriers for delivery of 519 units in the next ten years, a majority of which will be delivered to Indigo.
“We have a long-standing relationship with Airbus and have produced detail machined parts for its single aisle, long range, and large aircraft since 2009, including wing leading edge sub-assemblies for its A380. This award will help us to achieve our targeted revenue of $300 million by 2020,” Aravind Melligeri, Aequs chairman and CEO said.
The recently commissioned Airbus facility at Aequs’ Belagavi SEZ employs the latest in machine technology with quality processes that meet or exceed Airbus standards.
Dwarakanath said Airbus exceeded $500 million in annual procurement from India in 2015, a growth of 15% over 2014.