deals, materials, Aviation

Hexcel Lands $4-5B Airbus Contract

Robert Buderi 5/30/08

Stamford, CT-based Hexcel (NYSE: HXL) announced today that it has landed a multi-year contract to supply carbon fiber composite materials for Airbus’s planned A350 XWB long-range planes. The award, which spans all A350 XWB aircraft produced through 2025, is expected to generate revenues of between $4 billion and $5 billion, Hexcel said.