SN AUVERGNE AÉRO, A SUBSIDIARY OF FIGEAC AÉRO, WINS A CONTRACT WORTH USD 21 MILLION OVER THREE YEARS FOR THE A320neo PROGRAM

FIGEAC AÉRO Group (ticker symbol: FGA), a key partner for the major aerospace industry manufacturers, today, announced that its subsidiary SN Auvergne Aéro has won a new contract for the A320neo program.

This new contract, totaling USD 21 million over three years, is for the manufacture of titanium metal sheet parts for A320neo engine pylons and is the result, in particular, of the sales dynamic deployed by the Group.

FIGEAC AÉRO's financial stability as well as its proven ability to provide attractive industrial solutions were deciding factors in SN Auvergne Aéro winning this first contract since it was acquired by FIGEAC AÉRO.

The manufacture of these parts for the A320neo will take place at the Aulnat site, which will benefit from a portion of the €5 million investment plan over three years dedicated to SN Auvergne Aéro facilities in the framework of this contract.

Jean-Claude Maillard, Chief Executive Officer and Founder of FIGEAC AÉRO, said "this first commercial success places Auvergne Aéro back on a growth dynamic, a proven strategy within the Group for several years now. "

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