Avingtrans aerospace division signs contract with Rolls-Royce

7th Mar 2016 08:17

(ShareCast News) - The aerospace division of Avingtrans, Sigma Components, has signed a 10-year contract with Rolls-Royce valued at more than £75m.The FTSE 250 engineering company said the contract was to supply pipe assemblies for a range of engine programmes including the rapidly growing Trent XWB variants fitted to the Airbus A350.This contract follows the successful completion of Sigma's acquisition of Rolls-Royce's internal pipe manufacturing businesses in Nuneaton (UK) and Xi'an (China) for £3.5m, which was announced at the end of January.Mark Johnson, managing director of Avingtrans' aerospace division, said: "We're delighted to have completed this deal, which cements our position on strategically important engine programmes and provides a platform for growth across our product range in key markets."The assemblies will be manufactured across our facilities in the UK and China, providing a springboard for further recruitment as programmes such as Trent XWB grow significantly in the coming years."At 0820 GMT, Avingtrans shares were up 11.1% to 145p.