03 June 2008
03 June 2008
Hexcel has been awarded a contract to supply carbon fibre composite materials for major primary structures of the Airbus long-range wide-body A350 XWB aircraft.
The award covers the entire family of A350 XWB aircraft through 2025. In the coming months, as the A350 XWB design is finalized, Hexcel and Airbus have agreed to complete the final specification and qualification of Hexcel’s materials for the selected primary structures. Hexcel expects the award to generate revenues of $4-5 billion over the life of the contract. In addition to the award for primary structures, Hexcel is offering other composite products for consideration for use in secondary structures and interiors, such as fabrics, resins, prepregs, adhesives, honeycombs and HexMC molded parts for the A350 which could be a source of significant additional revenues associated with the program.
Mr. David E. Berges, Hexcel’s Chairman and Chief Executive Officer said, “This achievement is the result of years of innovation, technical and operational developments and breakthroughs thanks to the hard work by many dedicated employees at both companies. As a composites industry leader, Hexcel believes that it offers the right mix of materials science, product portfolio and other creative solutions to meet a broad range of our customers’ needs, particularly in aerospace and wind energy. We are extremely proud that we have been awarded this contract and look forward to supporting the success of the A350 program.”
Under the A350 XWB award, Hexcel will principally supply a HexPly toughened epoxy prepreg made with Hexcel’s HexTow intermediate modulus carbon fiber. Hexcel expects to make significant capital expenditures for capacity expansions as the A350 ramps up to its anticipated build rate. The exact timing and the size of these expansions will be determined by the build rate forecasts by Airbus and its suppliers. The materials and their components will be manufactured at Hexcel facilities in the U.S., France, Spain, Germany and the United Kingdom.
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