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Oerlikon awarded long-term agreement in excess of CHF 90 million

Pfäffikon SZ, December 11, 2014 – Oerlikon’s Surface Solutions Segment has been awarded a ten-year long-term agreement by Snecma worth more than CHF 90 million. The agreement is for the supply of LEAP (Leading Edge Aviation Propulsion) engine components. This marks a significant milestone in the partnership between Snecma and Oerlikon Metco which has been built over the years.

Snecma, part of the international high-technology Safran group, has awarded Oerlikon Metco’s unit Eldim the manufacture of low-pressure turbine components. Developed under the LEAP program, the engine is a new-generation high-bypass turbofan with a primary application to power the next generation of single-aisle commercial aircraft. The LEAP engine has been designed and developed by CFM International – a 50/50 joint venture between Snecma and General Electric. The new LEAP engine incorporates a number of innovative yet proven technologies that meet the challenges faced by aircraft manufacturers and airlines alike. As a result, LEAP engines are the new-generation aviation turbine power plant of choice that provides operators with significant reductions in fuel consumption, noise and emissions.

“We are proud to be a part of this technologically ambitious program, and our contribution to such market-leading technologies helps to establish and consolidate our position as a preferred partner in the aviation industry,” said Dr. Brice Koch, CEO of Oerlikon Group.

Disclaimer

OC Oerlikon Corporation AG, Pfäffikon (together with its affiliates hereinafter referred to as “Oerlikon”) has made great efforts to include accurate and up-to-date information in this document. However, Oerlikon makes no representation or warranties, expressed or implied, as to the truth, accuracy or completeness of the information provided in this document and Oerlikon disclaims any liability whatsoever for the use of it.

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