Hellenic Aerospace Industry (HAI S.A.) has concluded an agreement with the Ministry of Defense of Spain with a contract in the context of which HAI undertakes the Repair and Overhaul for accessories for the T56 engines used by the Spanish Air Force.
By undertaking this contract HAI expands its business activities into a new and significant market. The award of the contract by the Spanish Ministry of Defense to HAI lays the ground for further expansion of HAI’s cooperation with Spain’s Armed Forces in other business fields.
This new contract is of essential importance for HAI since it creates the potential for further expansion of its backlog in the export market related to a strategic core business such as the MRO of T56 engines.
The Chief Executive Officer of HAI Mr. Tassos Philippakos stated that: "HAI has become an unquestionable Center of Excellence for T56 engines. Capitalizing on the company’s technical expertise of many years in the market together with its competitive prices and its focus on customer satisfaction have contributed to HAI’s continuing penetration in this significant international market. The selection of HAI, by the Spanish Air Force, to provide repair and overhaul for accessories for its T56 engines is another example of success stemming also from the export oriented strategy which we consistently implement over the last several years. Our objective is that this program becomes the springboard for our company’s further establishment in the Spanish market".
Source: Hellenic Aerospace Industry
Date: Jun 27, 2012