ASG Group Secures Long-Term Agreements with Major Aerospace OEMs, Ensuring Robust Revenue Growth
ASG Group, the global aerospace manufacturing conglomerate based in Manchester, has announced the signing of significant Long-Term Agreements (LTAs) with major aerospace OEMs, securing the group’s revenues for the next 5 to 10 years, announced at Farnborough International Air Show (FIA). These agreements, a testament to ASG Group's commitment to trust, collaboration, and technological excellence, were achieved through extensive cooperation, transparency, and consistent delivery on promises.
The LTAs mark a major milestone for ASG Group and its manufacturing locations under the group capability branded as 'ASG Aerospace.' These businesses have been at the forefront of developing and nurturing relationships with industry stakeholders, leading to increased trust and significant long-term commitments.
ASG Group, known for its end-to-end manufacturing capability for aerospace flight controls, engine components, assemblies, and airframe components, serves an impressive client roster, including industry giants such as Airbus, Boeing, Collins, Eaton, Moog, Rolls-Royce and Spirit.
Group Managing Director of Simon Weston, commenting on the company's strategy and future outlook said; "Securing these long-term agreements is a significant validation of our strategic investments in advanced manufacturing capabilities and our relentless focus on quality and precision. These LTAs ensure robust revenue streams for the next decade, allowing us to continue our ambitious growth plans. Our commitment to fostering strong, transparent relationships with our clients has been instrumental in this success, and we are excited about the opportunities these agreements will bring."
Jason Aldridge, Managing Director of ASG Arrowsmith, highlighted the importance of fostering relationships to secure these LTAs: "Our success in securing these long-term agreements is rooted in the trust we’ve built with our clients over many years. By consistently delivering high-quality products and maintaining transparent communication, we've strengthened our partnerships. This collaborative approach has been crucial in achieving these agreements, which will drive our growth and stability for years to come."
Simon Kirkman, Managing Director of AMF Engineering, discussed the collaborative efforts that led to these achievements: "The LTAs reflect the culmination of years of hard work, trust-building, and collaboration with our industry partners. Our ability to consistently deliver high-quality, precision-engineered components has solidified our reputation and ensured these long-term commitments. The entire ASG Aerospace team has played a crucial role in this success."
Visitors to the ASG Group stand at this year's Farnborough International Airshow (FIA 2024) will have the opportunity to company leaders and learn more about the advanced manufacturing capabilities and investment that have driven the company’s success. ASG Group will showcase its comprehensive quality management system, digital and physical twinning of assets across sites, and the latest investments in automation and machinery.
ASG Group, with operations in eight locations across the UK and Germany, specialises in the production of flight control assemblies, engine components, assemblies, and airframe components. The company's unwavering commitment to delivering the highest quality products and services is backed by rigorous quality management systems and continuous investment in cutting-edge technology.
The announcement of these significant LTAs not only highlights ASG Group’s remarkable growth but also reinforces its pivotal role in shaping the future of aerospace manufacturing. As the company continues to expand its capabilities and client base, it remains steadfast in its mission to lead the aerospace industry through innovation, quality, and excellence.