Bodycote Group

Bodycote to provide manufacturing services for aerospace technology group Safran

Bodycote's global network will support the agreement, operating initially from strategically located facilities in France and Belgium

Aircraft jet engine
Programmes covered by the agreement include CFM LEAP for Safran Aircraft Engines, helicopter engine programmes and landing gear systems

Thermal processing services provider Bodycote PLC (LON:BOY) has entered into a long-term agreement with aerospace technology group Safran SA.

Under the agreement, Bodycote will provide manufacturing services, including thermal spray coatings, electron beam welding, hot isostatic pressing, heat treatment and other services to companies in the Safran group and their key strategic first-tier suppliers.

READ: Bodycote shares pop on raised 2017 outlook

Bodycote's processes and technologies are used to prolong the working life of critical components and provide in-service protection from factors such as abrasion, temperature and wear.

READ: Bodycote reports jump in third-quarter revenue, reaffirms full year outlook

The agreement ensures that manufacturing requirements will be met by a quality-focused supplier to support the growth in Safran's civil aerospace programmes, Bodycote said.

Shares in Bodycote rose 1.1% to 920.5p on the announcement.

Quick facts: Bodycote Group

Price: £6.86

Market: LSE
Market Cap: £1.31 billion

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