Gurit and Elbe Flugzeugwerke Extend Partnership

Source: Gurit

Gurit and Elbe Flugzeugwerke partnership

Zurich, Switzerland, March 12, 2018 – Gurit (SIX Swiss Exchange: GUR) and Elbe Flugzeugwerke signed a new framework contract for the development and supply of aerospace materials.

The 3-year agreement takes effect from January 1, 2019 and builds on the decennial business relationship between both companies. The extended framework contract comprises the production and supply of existing qualified aerospace materials as well as the joint development and qualification of new material technologies for the production of cabin interiors for Airbus passenger airplanes. Total value of the 3-year agreement is at around CHF 25 million over the contract period.

“We are very pleased and honoured to intensify and reinforce our long-standing partnership with Elbe Flugzeugwerke. This new contract provides both parties and our partners with continuity and reliability for the future,” said Stefan Gautschi, General Manager Composite Materials at Gurit.

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