Romaero to make Airbus A 380 parts

Romaero will be making subassemblies and primary parts for the biggest passenger aircraft in the world, the Airbus A 380, under a ten-year contract, for which it estimates over 5 million dollars in revenues over the next 5 to 6 years. Romaero officials yesterday signed a framework contract for a partnership with Sweden-based SAAB, one of the prime contractors of Airbus. The value of the products supplied by the Romanian company could go up beyond the estimated level in the future, Romaero”s chief executive Ionel-Dan Vulcan stated. “If Romania proves its capacity to perform, the contract has no limits. SAAB will place orders with us for any type of Airbus aircraft, but we will start with the Airbus A 380 model,” Vulcan said after the signing of the contract. He added the agreement was strategic for Romaero and would “ensure the living” of the company for the next ten years. Romaero had previously signed contracts with three other prime contractors of Airbus and is in talks with a fourth, Romaero”s CEO says. Vulcan did not disclose the names of the companies, merely saying that the total value of the contracts was in the range of four million dollars a year. Romaero is an aircraft and aircraft structure manufacturer and provider of complex aircraft repair and maintenance services. It is an authorised supplier for companies like Boeing, Israel Aircraft, Bombardier and for Airbus subcontractors. SAAB operates in a number of industries such as defence, aerospace and security. ZF