Aequs, a maker of aerospace components, announced on Nov 15 that it has obtained a contract with the European aircraft company Airbus. The contract covers the supply of essential components for the A320 family, A330neo, and A350 aircraft for a duration of 10 years. According to the agreement, Aequs will produce intricate parts and bench assembly parts for the wings, fuselage, and pylons of the planes, as stated by Aequs.
Aequs stated that the mandate is a major achievement for both the company and the Indian aerospace industry, as India continues to establish itself as a key player in global aerospace manufacturing. This also reflects Airbus' commitment to manufacturing in India.
"This contract is a significant moment in Aequs' journey with Airbus. We are proud to stand alongside the world's largest aircraft maker as a long-term strategic partner.
"It is also a testimony to the confidence in Aequs by global OEMs to enter into deeper and longer relationships, particularly at a time when the global supply chain is passing through a recalibration," said Aravind Melligeri, Chairman and CEO of Aequs.
Founded in 2006, the diversified contract manufacturing company Aequs provides vertically integrated product solutions across the aerospace, toys, and consumer durable goods industries.