Rolls-Royce has signed a £160m deal to secure the supply of aircraft engine fabrications for the next 10 years.
The deal is the most valuable ever secured by CW Fletcher, an aerospace and nuclear manufacturing company based in Sheffield.
Ian Oliver, strategic buyer at Rolls-Royce, said: “Rolls-Royce is pleased to secure this deal with CW Fletcher, which builds on the previous 70 years-plus relationship. CW Fletcher is an important supplier to Rolls-Royce and the deal helps secure the long-term relationship between the companies.”
Steve Kirk, managing director at CW Fletcher, said: “This is hugely significant for every one of us at CW Fletcher and represents many months of work at both companies. The contract forms a key part of our growth strategy which will also see the start of our new facility in Sheffield to add a further 2,000 square metres of manufacturing space and secure the future of our 200-strong workforce.”
CW Fletcher was one of the first companies selected for the UK’s Sharing in Growth programme, a £250m scheme backed by industry and government to improve productivity and competitiveness at aerospace suppliers.
Andy Page, CEO of Sharing in Growth, said: “As an industry-led programme our aim is to deliver sustainable business growth in the advanced manufacturing sector based on investing in people and processes to drive up productivity and competitiveness.“
☛ Want to stay up to date with the news? Sign up to our daily bulletin.