SNR Senior Plc

TIDMSNR

Senior PLC

05 December 2023

5 December 2023

Senior plc announces contract award from Strata

Senior plc ("Senior"), an international manufacturer of high technology components and systems, announces today that it has been awarded a new contract for the supply of Boeing 787 vertical fin detail parts with the United Arab Emirates company Strata Manufacturing PJSC (Strata). Deliveries commenced in November 2023 with series manufacturing being undertaken at Senior Aerospace's facility in Chonburi, Thailand (SAT).

The new contract agreed with Strata is approximately $12M over the 7-year term of the award. SAT is Boeing-approved for manufacture, treatments, and assembly. SAT has significant experience in the manufacturing of vertical fin aluminium structures, utilising Senior's wider engineering and technology expertise.

Commenting on the award, Launie Fleming, CEO of Senior Aerospace, said: "Strata is a new customer for Senior, and we are delighted that Senior Aerospace Thailand has been selected for this important contract. Senior is a trusted supplier to the Commercial Aerospace industry, and we look forward to executing on this and future contracts."

About Senior Aerospace

Senior Aerospace provides high technology products and systems for demanding applications in the aerospace & defence and adjacent markets. Our product portfolio spans a wide range of fluid conveyance and thermal management components and sub-systems, as well as complex structural parts and assemblies for fixed and rotary-wing aircraft, aero-engines, spacecraft, and a variety of other industrial applications. With a global footprint, Senior Aerospace manufactures proprietary design and build-to-print products for customers around the world that meet today's challenges and is actively engaged in developing products and capabilities for a low carbon sustainable future.

About Senior

Senior is a FTSE 250 international engineering and manufacturing Group with operations in 12 countries. It is listed on the main market of the London Stock Exchange (symbol SNR). Senior's Purpose is "we help engineer the transition to a sustainable world for the benefit of all our stakeholders". Senior designs and manufactures high technology components and systems for the principal original equipment manufacturers in the worldwide aerospace & defence, land vehicle, and power & energy markets. Further information on Senior plc may be found at: www.seniorplc.com

About Strata

Strata is an advanced manufacturing company that started fourteen years ago as a composite aero-structures manufacturing company. Over the past years Strata has built strong partnerships with Airbus, Boeing, Pilatus, and Mohammed Bin Rashid Space Centre to build a foundation for manufacturing aerospace and space parts in the UAE. In addition to this, Strata established its second vertical through partnering with Solvay to create Strata Solvay Advance Manufacturing which provides pre-impregnated carbon fiber for the aerospace industry. Last year Strata launched its Advance Manufacturing Strategy which will see the company venture into new verticals including Advance Material, Life Science, and Digitization & Automation. Further information on Strata Manufacturing PJSC may be found at www.strata.ae

Further information

 
                                                          +44 (0) 1923 714 
 Bindi Foyle              Group Finance Director           725 
                          Head of Treasury and Interim    +44 (0) 1923 714 
 Tom Bindloss              IR                              743 
                                                          +44 (0) 7796 708 
 Richard Webster-Smith    FGS Global                       551 
 

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December 05, 2023 02:00 ET (07:00 GMT)

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