Latécoère has reached an agreement with the Boeing Company regarding certain claims associated with the development and the production of 787 passenger doors. This agreement confirms Latécoère as the supplier to Boeing on passenger doors and secures the overall financials of the program.
François Bertrand, Chief Executive Officer, said: "Since program inception, our teams have worked diligently to satisfy our client's requirements on 787 passenger doors development and production. We are confident that the 787 will be a great success and we are proud to contribute to it."
The memorandum of agreement signed provides that the parties will complete related formal amendments to the existing contractual documentation in the coming weeks. The company expects to include any 2011 impact of this agreement in its communication on 2010 annual results.
Latécoère is a tier 1partner to major international aircraft manufacturers (Airbus. Embraer. Dassault. Boeing and Bombardier). in all segments of the aeronautical market (commercial. regional. corporate and military aircraft). specializing in three fields:
- Aerostructures (58% of total revenue): fuselage sections and doors.
- Onboard Wiring and Systems (33% of total revenue): onboard wiring. electrical harnesses and avionics bays.
- Engineering and Services (9% of total revenue): research. design. and manufacturing of equipment.
The Group employs close to 3.650 people. in nine countries.
Latécoère had total consolidated revenues of ¤450 million in 2009 and as of September 30, 2010 its order book stood at ¤2.14 billion (based on a USD/EUR exchange rate of 1.35).
Latécoère. a French corporation (société anonyme) with capital of ¤17 219 994 divided into 8 609 997 shares with a par value of ¤2 per share is listed on Euronext Paris - Compartment C.
ISIN code: FR0000032278 - Reuters code: LAEP.PA - Bloomberg code: LAT.FP
|GROUPE LATECOERE||ACTUS FINANCE|
|Bertrand PARMENTIER / Managing Director & CFO
Tel.: 05 61 58 77 00
|Corinne Puissant / Investor Relations
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|LATECOERE||Euronext Paris||3.81||-1.55%||56 840|