LONDON (ShareCast) - (ShareCast News) - The aerospace division of Avingtrans, Sigma Components, has signed a 10-year contract with Rolls-Royce valued at more than £75m.
The FTSE 250 engineering company said the contract was to supply pipe assemblies for a range of engine programmes including the rapidly growing Trent XWB variants fitted to the Airbus A350.

This 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 at the end of January.

Mark Johnson, 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."

At 0820 GMT, Avingtrans shares were up 11.1% to 145p.

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