Senior wins two separate Airbus contracts

(Sharecast News) - Technology components manufacturer Senior has been awarded two separate contracts to supply a number of complex components to Airbus SAS and Airbus Atlantic. For Airbus, Senior said on Wednesday that a multi-year contract extension had been struck for the manufacture and supply of various aerostructure parts used in the Airbus A320 and A330 aircraft programs, including aluminium parts and assemblies used throughout the aircraft.

Separately, Senior Aerospace Thailand was awarded a contract from Airbus Atlantic for the supply of business class seat structures to "a major European airline", with production deliveries beginning in early 2024. Senior highlighted that the contract builds on SAT's "longstanding experience" in manufacturing and supplying complex seat structures and assemblies for commercial aircraft.

Senior Aerospace chief executive, Launie Fleming, said: "These contract awards underline Senior's position as a trusted, long-term partner to the largest and most important original equipment manufacturers. The contract awards build further on our existing strong relationship and we look forward to supporting Airbus with these and future contracts."

Financial terms of the deal were not disclosed.

As of 0930 GMT, Senior shares were down 0.75% at 158.40p.

Reporting by Iain Gilbert at Sharecast.com