Global aero-engine parts supplier, ANT Industries has signed a £25m, five-year contract to supply engine components to support six new civil engine programmes for a global Spanish aerospace manufacturer.
The six programmes include providing parts for the Boeing 787 Dreamliner’s Trent 1000 engine, while another is for a PW815 engine for 100-seater aircraft, according to ANT Industries – which is based in Atherstone and makes 36,000 parts a year.
The deal initially came about at last year’s Farnborough Airshow where ANT Industries shared a stand with the Coventry and Warwickshire Aerospace Forum (CWAF), which was part funded by Coventry City Council.
- Entries to UK Export Excellence Awards now open
- New report identifies success drivers for manufacturing servitization
- Barclays to help UK SMEs unlock £34bn opportunity
- Competency as important as skills in boosting productivity
Managing director of ANT Industries, Shaun Rowley explained: “This is a significant deal for our business and will secure jobs in both our business and our supply chain.
“Like many businesses in the aerospace industry we are seeing further opportunities due to the continuing growth in the global aerospace market. As a result, we have made substantial investments in capital equipment and in research and development to give us a competitive advantage, which has undoubtedly helped us to win this order.
Rowley added: “We operate in the high-value-added end of the market where some of our manufactured parts can take up to 30 man hours to complete. This deal will enable us to grow the business further and enables even more investment in new technologies and in our people.”
ANT Industries is also a member of CWAF, a group of engineering and manufacturing businesses in the aerospace sector that work together to support the industry.
CWAF chairman, Jason Aldridge believes the deal is a real boost for the Midlands, noting: “To see our members involved in these types of deals is fantastic for the region, and shows how important Midlands aerospace businesses are to the global aerospace industry.
“Not only does this help to secure and create jobs for ANT Industries, it will have a knock-on effect and secure other jobs in the industry as well.”