Sheffield based specialty metal products manufacturer Firth Rixson has announced a ten year deal to supply more than $300m worth of forging work to aerospace systems provider Honeywell.
The deal includes localised support to Honeywell’s sites from Firth Rixon’s bases in the US and Eastern Europe as well as manufacture from Sheffield.
Firth Rixson CEO David C. Mortimer, said: “This agreement achieves revenue stabilization for Firth Rixson in an Aero market segment that is of great importance to our strategic goals. Further, it enhances a robust business base in our Ring Division operating units.
“We have again demonstrated our ability to support our customers’ global sourcing initiatives, and look forward to the next decade of additional growth opportunity with Honeywell.”
The US headquartered Honeywell, first founded in 1906, supplies a plethora of parts, systems and components to the aerospace industry including engines, brakes, hydraulics, black boxes, radars and air conditioning units. The company has global revues of $33bn in 2010 with a global payroll approaching 140,000. In the UK, it has sites in Luton, Feltham, redditch, Yeovil, Basingstoke and Bournemouth.