Sigma signs £75m deal with Rolls-Royce
The 10-year contract follows the successful completion of Sigma’s acquisition of Rolls-Royce’s internal pipe manufacturing businesses in Nuneaton (UK) and Xi’an (China) for £3.5m, which was announced on 29 January 2016.
Mark Johnson, founder of Sigma Components and managing director of Avingtrans’ aerospace division, said: “We’re delighted to have completed this deal, which cements our position on strategically important engine programmes and provides a platform for growth across our product range in key markets.
“The assemblies will be manufactured across our facilities in the UK and China, providing a springboard for further recruitment as programmes such as Trent XWB grow significantly in the coming years.”
Steve McQuillan, CEO of Avingtrans, said: “Sigma has developed a strong working relationship with Rolls-Royce since 2006, becoming a key delivery supplier in both home and emerging markets.
“Having recently expanded our capability in the UK and China, we are delighted with the trust that Rolls-Royce is placing in Sigma to deliver rigid pipes on key programmes.
“By delivering the contract across both our UK and Chinese operations, we can offer Rolls-Royce significantly improved commercial terms, combined with a confidence in the quality of components developed over many years.”