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RCS - Senior PLC - Senior plc announces contract award from Strata

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RNS Number : 6364V  Senior PLC  05 December 2023

5 December 2023

Senior plc announces contract award from Strata

Senior plc ("Senior"), an international manufacturer of high technology
components and systems, announces today that it has been awarded a new
contract for the supply of Boeing 787 vertical fin detail parts with the
United Arab Emirates company Strata Manufacturing PJSC (Strata).  Deliveries
commenced in November 2023 with series manufacturing being undertaken at
Senior Aerospace's facility in Chonburi, Thailand (SAT).

The new contract agreed with Strata is approximately $12M over the 7-year term
of the award.  SAT is Boeing-approved for manufacture, treatments, and
assembly.  SAT has significant experience in the manufacturing of vertical
fin aluminium structures, utilising Senior's wider engineering and technology
expertise.

Commenting on the award, Launie Fleming, CEO of Senior Aerospace, said:
"Strata is a new customer for Senior, and we are delighted that Senior
Aerospace Thailand has been selected for this important contract.  Senior is
a trusted supplier to the Commercial Aerospace industry, and we look forward
to executing on this and future contracts."

About Senior Aerospace

Senior Aerospace provides high technology products and systems for demanding
applications in the aerospace & defence and adjacent markets.  Our
product portfolio spans a wide range of fluid conveyance and thermal
management components and sub-systems, as well as complex structural parts and
assemblies for fixed and rotary-wing aircraft, aero-engines, spacecraft, and a
variety of other industrial applications.  With a global footprint, Senior
Aerospace manufactures proprietary design and build-to-print products for
customers around the world that meet today's challenges and is actively
engaged in developing products and capabilities for a low carbon sustainable
future.

About Senior

Senior is a FTSE 250 international engineering and manufacturing Group with
operations in 12 countries.  It is listed on the main market of the London
Stock Exchange (symbol SNR).  Senior's Purpose is "we help engineer the
transition to a sustainable world for the benefit of all our stakeholders".
Senior designs and manufactures high technology components and systems for the
principal original equipment manufacturers in the worldwide aerospace &
defence, land vehicle, and power & energy markets.  Further information
on Senior plc may be found at: www.seniorplc.com (http://www.seniorplc.com)

About Strata

Strata is an advanced manufacturing company that started fourteen years ago as
a composite aero-structures manufacturing company.  Over the past years
Strata has built strong partnerships with Airbus, Boeing, Pilatus, and
Mohammed Bin Rashid Space Centre to build a foundation for manufacturing
aerospace and space parts in the UAE.  In addition to this, Strata
established its second vertical through partnering with Solvay to create
Strata Solvay Advance Manufacturing which provides pre-impregnated carbon
fiber for the aerospace industry.  Last year Strata launched its Advance
Manufacturing Strategy which will see the company venture into new verticals
including Advance Material, Life Science, and Digitization & Automation.
 Further information on Strata Manufacturing PJSC may be found at
www.strata.ae (http://www.strata.ae)

Further information

 Bindi Foyle            Group Finance Director           +44 (0) 1923 714 725
 Tom Bindloss           Head of Treasury and Interim IR  +44 (0) 1923 714 743
 Richard Webster-Smith  FGS Global                       +44 (0) 7796 708 551

 

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