Constellium consolidates its long-term partnership with Bombardier through multi-year contract
October 10 2017 - 2:00AM
Constellium N.V. (NYSE:CSTM) (Euronext Paris:CSTM) announced that
it has signed a multi-year agreement with Bombardier to supply flat
rolled products in a rich mix of alloys, shapes and applications
for a number of their aircraft programs such as C Series, CRJ
Series, Q Series, Global and Challenger. In this new contract,
Constellium will become one of the leading suppliers of flat rolled
products to Bombardier globally, strengthening its position as a
strategic supplier.
Constellium and Bombardier are long-time
partners, with a strong history of collaborative research.
Bombardier’s C Series aircraft aluminium-lithium fuselage sheets
and extrusions are all currently supplied through Constellium’s
Airware® platform.
“I am proud to see Bombardier and Constellium
continuing to build on their partnership. This new contract allows
us to further anchor our position as a key supplier of innovative
aluminium solutions for Bombardier’s aircraft programs and as an
industry leader more generally,” said Ingrid Joerg, President of
Constellium’s Aerospace and Transportation business unit. “It
demonstrates our expertise and skills in providing tailored
products and spurs our ambition to pursue growth in the aerospace
industry.”
Bombardier will be served by Constellium’s
facilities in Ravenswood, USA and Issoire, France.
About Constellium
Constellium (NYSE:CSTM) (Euronext Paris:CSTM) is a global
sector leader that develops innovative, value added aluminium
products for a broad scope of markets and applications, including
aerospace, automotive and packaging. Constellium generated €4.7
billion of revenue in 2016.
www.constellium.com
Forward-looking Statements
Certain statements contained in this press release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. This press release may
contain “forward looking statements” with respect to our business,
results of operations and financial condition, and our expectations
or beliefs concerning future events and conditions. You can
identify forward-looking statements because they contain words such
as, but not limited to, “believes,” “expects,” “may,” “should,”
“approximately,” “anticipates,” “estimates,” “intends,” “plans,”
“targets,” likely,” “will,” “would,” “could” and similar
expressions (or the negative of these terminologies or
expressions). All forward-looking statements involve risks and
uncertainties. Many risks and uncertainties are inherent in
our industry and markets. Others are more specific to our business
and operations. These risks and uncertainties include, but are not
limited to, the ability of Constellium and Wise Metals to achieve
expected synergies and the timing thereof, Constellium’s increased
levels of indebtedness which could limit Constellium’s operating
flexibility and opportunities; the potential failure to retain key
employees, the loss of customers, suppliers and other business
relationships; disruptions to business operations; slower or lower
than expected growth in the North American market for Body-in-White
aluminium rolled products, and other risk factors set forth under
the heading “Risk Factors” in our Annual Report on Form 20-F, and
as described from time to time in subsequent reports filed with the
U.S. Securities and Exchange Commission. The occurrence of the
events described and the achievement of the expected results depend
on many events, some or all of which are not predictable or within
our control. Consequently, actual results may differ materially
from the forward-looking statements contained in this press
release. We undertake no obligation to update or revise any
forward-looking statement as a result of new information, future
events or otherwise, except as required by law.
Delphine Dahan-Kocher – AMERICA Corporate
CommunicationsPhone: +1 (212) 858-9963 /
delphine.dahan-kocher@constellium.com
Christel des Royeries – EUROPE Corporate
CommunicationsPhone: +33 1 73 01 46 73 /
christel.des-royeries@constellium.com
Ryan Wentling – Investor RelationsPhone: +1
(212) 675-5450 / investor-relations@constellium.comCLAI
(Media) CorporateEmilie Humann Phone: +33 (0)7 77 26 24 60
emilie.humann@clai2.com
Hill+Knowlton Strategies (Media) Peter Poulos
Phone: +1 (212) 885-0588 peter.poulos@hkstrategies.com
Constellium (NYSE:CSTM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Constellium (NYSE:CSTM)
Historical Stock Chart
From Apr 2023 to Apr 2024