Yet another big contract win for Hampson acquisition Odyssey
A Brierley Hill-based engineering group has won a £9 million contract – its third major agreement this week – to supply tools for assembly work on the latest version of Boeing’s 747.
Hampson said its recently acquired US subsidiary Odyssey International would provide up to 4,000 tools for structural assembly and sub-assembly work on the Boeing 747-8 programme.
The contract will be delivered within the financial year, the company said.
Odyssey will manufacture the tools and manage a supply chain to one of Boeing’s tier-one sub-contractors.
Since Hampson reached agreement to acquire Odyssey and sister company, Global Tooling Systems on May 2, the combined order books of both have risen from £38 million to a new record level of £55 million.
Hampson chief executive Kim Ward said the new contract demonstrated the value of the Global acquisition.
“Firstly, it demonstrates the continuing growth in demand for the types of precision tool that enable aircraft manufacturers to increase use of larger structural components made from advanced composites on the latest generation of aircraft,” he said. “Secondly, it attests to our ability to offer even greater advantage to customers by leveraging the combined engineering resources, capacity and manufacturing capabilities of the largest independent aerospace tooling house in the world.”
The combined company now has the ability to supply not only composite tooling moulds and mandrels but also the full range of detailed assembly tools.
“Finally it demonstrates our confidence in the businesses we acquired and their future performance potential in a market sector projected to grow strongly over five years,” added Mr Ward.
The Boeing 747-8, launched in 2005, is the latest variant of the Jumbo Jet. It is an evolutionary development of the Boeing 747-400 with lengthened fuselage, redesigned wings and improved efficiency, designed to compete against the Airbus A380.
In line with the progressively increasing trend in latest generation aircraft design, the 747-8 makes greater use of advanced carbon composite materials.