Source: Constellium Paris
AMSTERDAM, The Netherlands, Sept. 19, 2017 (GLOBE NEWSWIRE) -- Constellium N.V. (NYSE:CSTM) (Euronext Paris:CSTM) announced today that it has extended its long-term contract with aircraft manufacturer Pilatus to support its new executive jets aircraft program. With this agreement Constellium will supply an increased volume of aerospace plate to Pilatus.
Under this contract, Constellium will supply Pilatus with aerospace plates from its manufacturing plant in Issoire (France) to support the delivery of more than 80 PC-24 Super Versatile Jets as part of Pilatus’ efforts to develop a new executive jet segment.
“This contract further strengthens our longstanding relationship with Pilatus” said Ingrid Joerg, President of Constellium’s Aerospace and Transportation business unit. “It also demonstrates Constellium’s expertise in providing leading solutions for the aerospace market, thanks to a constant focus on research and innovation, in close partnership with our clients.”
Constellium designs and manufactures specialty plates, sheets, extrusions and precision castings for commercial and military aircraft industry as well as for the space market. It offers pre-machining, custom-designed aerospace components, and many advanced technologies and proprietary alloys, such as Airware®, which uniquely enables weight reduction, extends intervals of aircraft heavy maintenance and contributes to the development of a sustainable aerospace industry.
Constellium (NYSE and Euronext Paris: CSTM) is a global sector leader that develops innovative, value added aluminium products for a broad scope of markets and applications, including aerospace, automotive and packaging. Constellium generated €4.7 billion of revenue in 2016.
Certain statements contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This press release may contain “forward-looking statements” with respect to the Tender Offer, the redemption of Wise Senior Secured Notes, our business, results of operations and financial condition, and our expectations or beliefs concerning future events and conditions. You can identify forward-looking statements because they contain words such as, but not limited to, “believes,” “expects,” “may,” “should,” “approximately,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” likely,” “will,” “would,” “could” and similar expressions (or the negative of these terminologies or expressions). All forward-looking statements involve risks and uncertainties. Many risks and uncertainties are inherent in our industry and markets. Others are more specific to our business and operations. These risks and uncertainties include, but are not limited to those set forth under the heading “Risk Factors” in our most recent annual report on Form 20-F and as described from time to time in subsequent reports filed with the U.S. Securities and Exchange Commission. The occurrence of the events described and the achievement of the expected results depend on many events, some or all of which are not predictable or within our control. Consequently, actual results may differ materially from the forward-looking statements contained in this press release. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by law.
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