Avingtrans PLC Sigma signs £5m contract with Sonaca

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Avingtrans PLC

19 June 2015

18 June 2015

Avingtrans Plc

("Avingtrans" or the "Company" or the "Group")

Paris Air Show - Sigma signs GBP5m contract with Sonaca

Avingtrans (AIM:AVG), which designs, manufactures and supplies critical components, modules and associated services to the aerospace, energy and medical sectors is pleased to announce that Sigma Components, part of Avingtrans plc's aerospace division has signed a contract worth GBP5 million of revenue over 5 years to supply fabricated assemblies to Sonaca for Airbus, Bombardier and Embraer programs.

The five-year contract with Sonaca SA in Belgium was signed during the Paris Air Show and will be managed from the company's Farnborough site. This contract will see Sigma becoming the sole supplier to Sonaca for critical assemblies in the anti-icing systems of several programmes.

Mark Johnson, managing director of Sigma Components, said: "This contract is great news for the Farnborough business that we acquired in 2012 and reflects well on the team that have earned the trust of Sonaca to award us this contract."

"Sigma has been very active at the Paris Air Show this week, opening up new opportunities and building on the Sigma brand and the new technologies we have been developing."

 
 Avingtrans plc                                     Tel: 01159 499 
  Steve McQuillan, Chief Executive Officer           020 
  Stephen King, Chief Financial Officer 
 Numis                                              Tel: 0207 260 
  David Poutney (Corporate Broking)                  1000 
  Richard Thomas (Corporate Finance and Nominated 
  Adviser) 
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  Adam Lloyd/Lois Engstrand                          9850

About Avingtrans

Avingtrans plc is engaged in the provision of highly engineered components, modules and services to the Aerospace, Energy and Medical markets worldwide.

The business is made up of two divisions

Aerospace, engaged in the manufacture of rigid pipe assemblies, fabrications and prismatic components - both metallic and composite - for the global aerospace market and precision polishing of aircraft components and;

Energy and medical, engaged in the design and manufacture of machined and fabricated pressure and vacuum vessels and process plant and equipment for the power, oil & gas and medical markets. Plus, design and manufacture of fabricated poles and cabinets for roadside safety cameras and rail track signalling

This information is provided by RNS

The company news service from the London Stock Exchange

END

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