Business
Constellium N.V. (NYSE and Euronext Paris: CSTM) announced that it has signed a multi-year agreement with Bombardier to supply flat rolled products in a rich mix of alloys, shapes and applications for a number of their aircraft programs such as C Series, CRJ Series, Q Series, Global and Challenger. In this new contract, Constellium will become one of the leading suppliers of flat rolled products to Bombardier globally, strengthening its position as a strategic supplier.
Constellium and Bombardier are long-time partners, with a strong history of collaborative research. Bombardier’s C Series aircraft aluminium-lithium fuselage sheets and extrusions are all currently supplied through Constellium’s Airware®platform.
“I am proud to see Bombardier and Constellium continuing to build on their partnership. This new contract allows us to further anchor our position as a key supplier of innovative aluminium solutions for Bombardier’s aircraft programs and as an industry leader more generally,” said Ingrid Joerg, President of Constellium’s Aerospace and Transportation business unit. “It demonstrates our expertise and skills in providing tailored products and spurs our ambition to pursue growth in the aerospace industry.”
Bombardier will be served by both of Constellium’s industrial facilities in Ravenswood, USA and Issoire, France.
Forward Looking Statement
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 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, the ability of Constellium and Wise Metals to achieve expected synergies and the timing thereof, Constellium’s increased levels of indebtedness which could limit Constellium’s operating flexibility and opportunities; the potential failure to retain key employees, the loss of customers, suppliers and other business relationships; disruptions to business operations; slower or lower than expected growth in the North American market for Body-in-White aluminium rolled products, and other risk factors set forth under the heading “Risk Factors” in our 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 update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by law.