<p>Benagaluru: Mahindra Aerostructures Pvt Ltd (MASPL) has announced that it has signed a multi-year contract valued at $300 million with Spain’s Aernnova Aerospace SAU to manufacture metal sub-assemblies and components for a range of Airbus aircraft and also for Embraer family aircraft, including Embraer C390 Millennium transport aircraft, Mahindra said in a statement.</p>.<p>The contract covers the supply to several Aernnova sites in Spain, the UK, Portugal and Brazil, further strengthening a collaboration that began in 2013.</p>.<p>Anish Shah, Group CEO & MD, Mahindra Group said “As we scale up our operations and make significant investments in our Aerospace business, we look forward to enhancing this partnership and scaling new heights.”</p>.India's exports show steady growth from 2010 to 2023.<p>Aernnova supported MASPL in the early stages of its facility development in India, with strong contributions to the facility design and development, as well as for skilling and skill assessment. The relationship stepped up to a new level when Aernnova acquired an existing customer of MASPL, Hamble Aerostructures (UK), from GE in 2020. The new Aernnova contract evolved over multiple engagements where both companies studied new opportunities and finalised a collaboration strategy. Both businesses intend to build on this base to further grow the size of the relationship progressively over the coming years.</p>.<p>Speaking on the occasion, Mr. Ricardo Chocarro, CEO of Aernnova said, "This partnership with Mahindra will enable Aernnova to reinforce its supply base to secure production ramp-ups in our factories for all our programs, fulfilling our mission to deliver to our customers. We have great confidence in MASPL’s expertise and high-end technology capabilities to industrialize the different packages with the support of our technical experts in the different areas of work”.</p>.<p>Speaking about the alliance, Arvind Mehra, Managing Director and CEO of Mahindra Aerostructures said, “The Aernnova partnership has been of great importance to us since the inception of our business. This contract builds significantly on our existing relationship with their UK subsidiary and also opens up several opportunities to make in India.”</p>
<p>Benagaluru: Mahindra Aerostructures Pvt Ltd (MASPL) has announced that it has signed a multi-year contract valued at $300 million with Spain’s Aernnova Aerospace SAU to manufacture metal sub-assemblies and components for a range of Airbus aircraft and also for Embraer family aircraft, including Embraer C390 Millennium transport aircraft, Mahindra said in a statement.</p>.<p>The contract covers the supply to several Aernnova sites in Spain, the UK, Portugal and Brazil, further strengthening a collaboration that began in 2013.</p>.<p>Anish Shah, Group CEO & MD, Mahindra Group said “As we scale up our operations and make significant investments in our Aerospace business, we look forward to enhancing this partnership and scaling new heights.”</p>.India's exports show steady growth from 2010 to 2023.<p>Aernnova supported MASPL in the early stages of its facility development in India, with strong contributions to the facility design and development, as well as for skilling and skill assessment. The relationship stepped up to a new level when Aernnova acquired an existing customer of MASPL, Hamble Aerostructures (UK), from GE in 2020. The new Aernnova contract evolved over multiple engagements where both companies studied new opportunities and finalised a collaboration strategy. Both businesses intend to build on this base to further grow the size of the relationship progressively over the coming years.</p>.<p>Speaking on the occasion, Mr. Ricardo Chocarro, CEO of Aernnova said, "This partnership with Mahindra will enable Aernnova to reinforce its supply base to secure production ramp-ups in our factories for all our programs, fulfilling our mission to deliver to our customers. We have great confidence in MASPL’s expertise and high-end technology capabilities to industrialize the different packages with the support of our technical experts in the different areas of work”.</p>.<p>Speaking about the alliance, Arvind Mehra, Managing Director and CEO of Mahindra Aerostructures said, “The Aernnova partnership has been of great importance to us since the inception of our business. This contract builds significantly on our existing relationship with their UK subsidiary and also opens up several opportunities to make in India.”</p>
