Senior wins $12m aerospace contract

(Sharecast News) - FTSE 250-listed engineering and manufacturing group Senior has won a contract with United Arab Emirates-based Strata Manufacturing worth $12m. The deal, for the supply of Boeing 787 vertical fin detail parts, has a seven-year term with work being undertaken at a Senior Aerospace Thailand (SAT) facility in Chonburi. SAT is Boeing-approved for manufacture, treatments, and assembly.

"Strata is a new customer for Senior, and we are delighted that Senior Aerospace Thailand has been selected for this important contract," said Launie Fleming, chief executive of Senior Aerospace.

"Senior is a trusted supplier to the Commercial Aerospace industry, and we look forward to executing on this and future contracts," Fleming said.