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Aequs bags contract from Airbus for supply of critical aircraft components

Under the terms of the agreement, Aequs will make detailed parts, parts with bench assembly for wings, fuselage, and pylons for these planes, Aequs said.

Airbus MD Srinivasan Dwarakanath (C), Chairman and CEO, Aequs, Aravind Melligeri and Olivier Cauquil (R), SVP, Material and Parts Procurement, Airbus at the signing of a contract between Airbus and Aequs in Bengaluru

Airbus MD Srinivasan Dwarakanath (C), Chairman and CEO, Aequs, Aravind Melligeri and Olivier Cauquil (R), SVP, Material and Parts Procurement, Airbus at the signing of a contract between Airbus and Aequs in Bengaluru. (File)

Press Trust of India Mumbai

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Aerospace components maker Aequs on Wednesday said it has secured a contract with European aircraft major Airbus for the supply of critical components for A320 family, A330neo and A350 aircraft for over a period of 10 years.

Under the terms of the agreement, Aequs will make detailed parts, parts with bench assembly for wings, fuselage, and pylons for these planes, Aequs said.

Aequs has been a longstanding supplier to Airbus which was its first original equipment manufacturer (OEM) customer and has consistently been a preferred Detailed Parts Partner (D2P) to it for well over a decade.

The mandate is a significant milestone not only for Aequs, but also for the Indian aerospace industry, amid the country's growing significance as a global aerospace manufacturing hub, deepening Airbus' Make-in-India drive, Aequs said.

 

"This contract is a significant moment in Aequs' journey with Airbus. We are proud to stand alongside the world's largest aircraft maker as a long-term strategic partner.

"It is also a testimony to the confidence in Aequs by global OEMs to enter into deeper and longer relationships particularly at a time when the global supply chain is passing through a recalibration," said Aravind Melligeri, Chairman and CEO, Aequs.

Founded in 2006, the diversified contract manufacturing company, Aequs provides vertically integrated product solutions across aerospace, toys, and consumer durable goods industries.

It currently operates manufacturing facilities across India, France, and the US.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Nov 15 2023 | 1:37 PM IST

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