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CTRM Aero expects extension of its contract with UTC Aerospace

News International-French

2 Apr 2015

CTRM Aero Composites Sdn Bhd and UTC Systems exchanged a Letter of Intent on the extension of CTRM's supply of three existing work packages.

The parties continue discussions during the Langkawi International Maritime and Aerospace Exhibition (LIMA) in Kedah, Malaysia.

The orginal contracts, awarded in 2003, cover major composite structures, including fan cowls, inlet cowl panels and thrust reversers.

CTRM Aero Composites is a subsidiary of Composite Technology Research Malaysia Sdn Bhd oh DRB-HICOM Group oh companies. The current contract contract value is approximately USD 667 million. It is anticipated that the tenure of the contract will be extended up to a further seven years with an average annual value of USD 94 million.

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