Avingtrans Plc (LON:AVG), the AIM listed engineering group, has announced a string of contract wins at its aerospace division worth in excess of £10m over the next five years. The move follows news yesterday that the group’s energy and medical division had secured work on a new product that will be worth £5m per year from 2012.

Avingtrans is a designer, manufacturer and supplier of critical components and associated services to the energy, medical, industrial and global aerospace sectors. Its Sigma Precision Components UK operation has signed a strategic long term agreement with Eaton Aerospace to supply machined components and pipe assemblies, worth £8m over five years. This includes a recent project to absorb 180 outsourced machined component part numbers, worth £300,000 per annum, run by a dedicated Sigma project team working closely with their counterparts at Eaton Aerospace.

Sigma has also successfully supplied first article samples of titanium pipe assemblies to Eaton at Titchfield. Orders have now been placed for an initial production run worth £500,000 with the prospect of further orders in 2011. Eaton Aerospace is now the second largest customer in Avingtrans' aerospace division.

Elsewhere, Sigma has signed a global purchasing agreement with Meggitt to supply precision machined components, making it the first Meggitt supplier to do so. This secures £2m of business with the Meggitt sites in the UK and China over the next three years and provides a platform from which to win additional contracts. Recent wins include orders for machined parts for the BR725 engine programme supplied to Meggitt Control Systems' site in Coventry.

Steve McQuillan, the chief executive of Avingtrans, said: “Following the recent name change of B&D Patterns to Sigma Precision Components UK, these are significant new contract wins for Sigma and the longer term agreements demonstrate its growing reputation supplying the highest quality products into the aerospace industry. Key Aerospace OEMs increasingly see Sigma UK and Sigma China as one unit and as a strategic supply chain partner for long term development.”

Yesterday, Avingtrans reported that its Metalcraft subsidiary had been chosen by Siemens MR Magnet Technology to manufacture precision machined formers for Siemens' next generation Magnetic Resonance Imaging systems. As the new product is introduced, it will flow into the overall rolling supply agreement that Metalcraft has for supply of MRI subsystems to Siemens Healthcare from…

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