Senior wins five-year contract with Spirit AeroSystems
Senior
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16:40 03/05/24
Engineering and manufacturing business Senior has secured a contract extension with Spirit AeroSystems for the supply of large diameter precision formed and machined structural components for Boeing aircraft programmes.
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Senior said on Thursday that the contract extension will commence in January 2026 and was valued at approximately $130.0m over the five-year period.
Chief executive of Senior Aerospace, Launie Fleming, said: "Spirit AeroSystems is an important customer to Senior who values our high levels of quality and on-time delivery. As aircraft build rates continue to increase, we are delighted to be awarded this 5-year contract extension for precision, complex aerostructure components."
The FTSE 250-listed firm noted that manufacturing will be undertaken at Senior Aerospace Jet Products' facility near San Diego, California.
As of 0930 BST, Senior shares were down 2.25% at 156.40p.
Reporting by Iain Gilbert at Sharecast.com