Standex Awarded Up to $40M Contract from UTC Aerospace Systems for Airbus A320neo Aircraft

Standex International Corporation

today announced that Spincraft, the company's engineered products metal fabrication business unit, has received a long-term contract from UTC Aerospace Systems – Aerostructures to produce single-piece lipskins for the nacelles on the Airbus A320neo, one of the largest selling commercial aircrafts in the world. The contract also includes continued requirements for the lipskins on the Bombardier CSeries and Mitsubishi Regional Jet. The contract with UTC Aerospace Systems is for the life of the A320neo program, and has an approximate value of up to $38 million to $40 million. Under the terms of the agreement, Spincraft will produce single-piece, aluminum lipskins for the A320neo nacelles built by UTC Aerospace