Mahindra Aerostructures, Aernnova announce a multi-year $300 million contract

Aernnova Aerospace, SAU and Mahindra Aerostructures Pvt Ltd on Tuesday announced a multi-year contract valued at around $300 million for MASPL to manufacture metal sub-assemblies and components for a range of Airbus aircraft and also for Embraer aircraft families including the Embraer C390 Millennium military transport aircraft.

The contract covers the supply to several Aernnova sites in Spain, the UK, Portugal and Brazil, further strengthening a collaboration that began in 2013.

Commenting on the deal, Anish Shah, Group CEO & MD, Mahindra Group said “We are delighted with the confidence Aernnova has reposed on us and are grateful for their support. As we scale up our operations and make significant investments in our Aerospace business, we look forward to enhancing this partnership and scale new heights.”

Aernnova supported Mahindra Aerostructures in the early stages of its facility development in India, with strong contributions to the facility design and development, as well as for skilling and skill assessment. The relationship stepped up to a new level when Aernnova acquired an existing customer of MASPL, Hamble Aerostructures (UK), from GE in 2020.

Speaking about the alliance, Arvind Mehra, Managing Director and CEO of Mahindra Aerostructures, said: “The Aernnova  partnership has been of great importance to us since the inception of our business, and it is truly an exciting moment to sign this new contract with them. This contract builds significantly on our existing relationship with their UK subsidiary and also opens up several opportunities to make in India. Through incremental investment in capability and capacity, we are thrilled to showcase our value proposition across the realms of industrial process maturity, digitalisation, performance and sustainability and contribute to our customers production rate ramp up plans.”

The new Aernnova contract evolved over multiple engagements where both companies studied new opportunities and finalised a collaboration strategy. Both businesses intend to build on this base to further grow the size of the relationship progressively over the coming years.

Mahindra Aerostructures represents the Mahindra Group’s interests in aerospace manufacturing. It operates a large plant near Bangalore, India, which is equipped with comprehensive capabilities to produce Aerospace parts, sub-assemblies and aerostructures.

Speaking on the occasion, Ricardo Chocarro, CEO of Aernnova said, "This partnership with Mahindra will enable Aernnova to reinforce its supply base to secure production ramp-ups in our factories for all our programs, fulfilling our mission to deliver to our customers. We have great confidence in MASPL’s expertise and high-end technology capabilities to industrialise the different packages with the support of our technical experts in the different areas of work.”