Montana Aerospace AG: Montana Aerospace secures contract to manufacture structural components for GKN-Fokker

Team Asco Gedern (c) Montana Aerospace

Reinach (pta010/24.08.2023/08:45 UTC+2)

GKN Fokker has awarded a significant contract to Asco Industries*, a division of Montana Aerospace AG, to provide complex structural parts for a business jet program.

As part of the agreement, Asco will manage the manufacturing and surface treatments of these components at its state-of-the-art and highly integrated facilities located in Gedern, Germany, and Zaventem, Belgium. These aluminum components, complex machined skins, panels and beams, are part of the elevator system positioned within the aircraft's empennage.

Asco is one of the world leaders in the development and manufacturing of complex, ready-to-install high-lift mechanisms for aircraft, supplying renowned Tier-1 suppliers and OEMs directly. GKN Fokker turned to Asco to successfully industrialize highly complex structural components in a short timeframe. The Asco Gedern team had established the entire process development and completed a flawless first-time right production of these highly complex parts. The contract signing ceremony witnessed the presence of key persons including Arjen Landman, Senior Vice President at GKN Fokker, and Olaf Lawrenz, Chief Executive Officer of Asco Industries.

Arjen Landman, Senior Vice President of GKN Fokker stated, "This agreement will contribute to a European supply chain network for this program. We know ASCO as a world class supplier of high lift structures and components. We look forward to strengthening our partnership together on this program."

Olaf Lawrenz, CEO of Asco commented: "We at Asco are delighted to announce the expansion of our existing GKN Fokker relationship to now include a portfolio of components for business jets. Kai Arndt, Co-CEO of Montana Aerospace, further remarked, "Securing this contract reinforces our enduring, positive rapport and collaboration with GKN Fokker. It serves as another testament to the effectiveness of our comprehensive, one-stop-shop approach, a cornerstone of the Montana Aerospace Group, which strongly resonates with our valued customers."

Upon completion, the produced parts will be delivered to GKN Fokker's Netherlands facility in Papendrecht.

Press contact
Jürgen Beilein
Phone: +43 664 831 2 841
E-mail: communication@montana-aerospace.com

About Montana Aerospace AG

Montana Aerospace AG is a leading producer of system components and complex assemblies for the aerospace industry, with worldwide engineering and manufacturing operations. The Company has approximately 6,700 highly skilled employees at 22 locations on four continents – designing, developing and producing ground-breaking technologies for tomorrow's aerospace, e-mobility and energy industries out of aluminium, titanium, composite, copper and steel.

*About Asco Industries

Asco Industries specializes in the development, manufacturing, treatment, and assembly of high-precision steel and titanium components for the aerospace sector. The company's product range includes flap actuation devices, slat actuation systems, engine and wing attachments, as well as landing gear components. Established in 1954, the company is headquartered in Zaventem. Asco operates across four locations—Belgium, Canada, the United States, and Germany—employing a workforce of over 1,000, and achieving an annual turnover exceeding 300 million US dollars. With a monthly output of over 3,000 assemblies, Asco is committed to becoming a global leader in the design and production of high-lift devices, intricate mechanical assemblies, and crucial functional components for the aerospace industry. Since 2022, ASCO has been part of the Montana Aerospace Group, an international company specializing in the design and manufacture of highly complex components for the aerospace industry, with state-of-the-art, one-stop-shop manufacturing facilities in Europe, USA, Canada and Asia.

Disclaimer

Statements contained herein may constitute "forward-looking statements". Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "plan", "expect", "anticipate", "estimate", "believe", "intend", "project", "goal", "aim" or "target" or the negative of these words or other variations of these words or comparable terminology. Forward-looking statements involve a number of known and unknown risks, uncertainties and other factors that could cause the Company's or its industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. The Company does not undertake publicly to update or revise any forward-looking statement that may be made herein, whether as a result of new information, future events or otherwise.

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Emitter:	Montana Aerospace AG Alte Aarauerstrasse 11 5734 Reinach Switzerland
Contact Person:	Jürgen Beilein
Phone:	+43 664 831 2 841
E-Mail:	communication@montana-aerospace.com
Website:	www.montana-aerospace.com
ISIN(s):	CH1110425654 (Share)
Stock Exchange(s):	SIX Swiss Exchange