Menu
  • Home
  • London Exchange
  • Euronext
  • Australian Exchange
  • Wire
  • Contact Us
  • Business & Finance
NewsnReleases

Senior plc announces contract extension with MTU Aero Engines

Posted on April 28, 2020October 24, 2023

LONDON: Senior plc, an international manufacturer of high technology components and systems, announced that its Aerospace Division secured a contract extension with MTU Aero Engines for the supply of Pratt & Whitney Geared Turbofan engines airfoils.

This is a dual source arrangement from Senior Aerospace Thailand and Senior Aerospace Weston, UK which provides optimum risk mitigation for our customer.

Senior Aerospace support MTU on several stages of the Pratt & Whitney Geared Turbofan engines for the Airbus A320neo family and the Irkut MS-21 powered by PW1100G-JM and PW1400G-JM as well as the Embraer E2-Jet family powered by PW1900G and PW1700G.

Airfoils have been supplied to MTU by Senior Aerospace since the original contract award in 2014.  This contract extension represents an additional ten years to the existing term and is projected to achieve total additional sales revenue of approximately US$330M.

Uwe Böhm, Senior Vice President Procurement & Logistics, stated: “Senior Aerospace has proven to be a reliable supplier and partner for MTU Aero Engines during the recent years, especially based on their excellent technical capabilities as well as their exceptional customer orientation.  This strong and trustful partnership created the basis for the newly extended contract period up to 2031, enabling Senior Aerospace to perform a forward-looking long-term planning in order to support our most important engine programs.”

Commenting on the contract extension, Joe Mockus, Chief Executive of Senior Aerospace Structures, said: “We are delighted to have secured this contract extension which reinforces our long-term strong relationship with MTU.  This is an important expression of confidence in our engineering capabilities and operational performance in our Aerospace Division.”

Senior Aerospace Thailand, located in Chon Buri province, specializes in the manufacture of both structures components and assemblies, and compressor airfoils for high volume aero-engine programs.

Senior Aerospace Weston, located at Earby, Lancashire (UK), is principally a manufacturer of complex precision components, and sub-assemblies predominantly for the commercial aerospace market.

Senior is an international manufacturing group with operations in 13 countries.  It is listed on the main market of the London Stock Exchange (symbol SNR).  Senior designs, manufactures and markets high technology components and systems for the principal original equipment producers in the worldwide aerospace, defence, land vehicle and power & energy markets.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Track all markets on TradingView

Investing.com .

Site Navigation

  • Home
  • Listed Companies
  • Contact Us
  • London Stock Exchange
  • Singapore Exchange
  • Canadian Exchange
  • Australian Exchange
  • Oslo Bourse
  • PSX
  • Ratings
  • Euronext
  • MENA
  • Nasdaq Nordic
  • Wire
  • Business & Finance
  • Gadget Reviews
  • About Us: A Comprehensive Financial News Database

All news and articles on NewsnReleases are based on press releases, corporate announcements and analysts’ reports issued to London Stock Exchange (LSE), Euronext, Singapore Exchange (SGX), Japan Stock Exchange (JPX), Dubai Financial Market (DFM), Saudi Stock Exchange (Tadawul), Qatar Stock Exchange (QSE), BSEIndia, Australia Stock Exchange etc.

Listed Companies

Equity Markets and Stock Exchanges

NNR

©2025 NewsnReleases | WordPress Theme by Superb WordPress Themes