Oklahoma City, OK (PRWEB) July 15, 2014
Fueled by growth in the civil and defense market, the use of composites is forecasted to grow at 8.5% per year. Evidence of this increase can be seen with the composite content on modern aircraft growing from 10% on the Boeing 777 to over 50% on the Boeing 787. AGC AeroComposites is responding to the growing demand in the aerospace and defense industry by partnering with key customers to provide lifecycle solutions and affordable integrated composites.
“We have decades of practical experience and a solid track record of performance encompassing the design and manufacturing of advanced composite products – both structural and nonstructural,” said Rick Armstrong, President and CEO of AGC AeroComposites. “We’ve established partnerships to support aircraft OEMs such as Airbus and Boeing, and we are delivering technologies for defense contractors such as Agusta Westland, BAE Systems, GKN Aerospace among others. As these companies begin to focus more on their strengths and core competencies, they are likely to rely more on trusted lifecycle partners like AGC AeroComposites.”
AGC AeroComposites is a privately held company backed by a proven leadership team. The company’s work is equally distributed between the commercial and military markets. Growth is forecasted in both sectors based on pipeline innovations and the ability to be nimble and react proactively to changes in the marketplace. The company expects civil work to grow significantly as the B787 and A350 continues to climb to higher rates of production.
Subject matter experts from across the company will be available July 14 - 20 at the Farnborough Air Show in the ADS U.K. Pavilion, Hall 1, Stand B15F.
The Farnborough International Airshow will take place July 14 - 20 and is considered one of the world’s largest exhibitions and air displays, facilitating first-class business opportunities for the global aerospace industry.
About AGC AeroComposites:
AGC AeroComposites provides the aerospace & defense industry with composite and metallic aerostructures and components that meet demanding and complex requirements. The company’s growing global footprint is currently comprised of six strategic sites providing local and immediate support to customers. AGC AeroComposites is a trusted lifecycle partner providing integrated solutions from early stage design, rate production, to full term sustainment. AGC AeroComposites has sites in the U.K. in Yeovil, Portland and Derby, as well as in the U.S. in Monterey, Calif., Seattle, Wash. and Hayden, Idaho. AGC AeroComposites is an AGC Aerospace & Defense Company.
About AGC Aerospace & Defense:
AGC Aerospace & Defense, the unifying brand of private equity group Acorn Growth Companies, is a global supplier of technologies, systems, and services supporting commercial and military programs. Capabilities within the AGC Aerospace & Defense portfolio range from financing, engineering, and integration services to manufacturing, logistics, and aircraft modifications. AGC Aerospace & Defense is organized into four operating groups: AeroComposites, Finance, Integrated Defense, and Services.