Strong Performance in Defense Sector
Increasing activity in the defense sector, particularly in hypersonics and new programs, is expected to result in accelerated growth at AEC. The CH-53K program shows significant planning and supply chain alignment with program growth.
Facility Optimization
Machine Clothing commenced two additional facility closures, focusing on optimizing global production footprint. This move aims to enhance operational efficiency.
Positive Developments in Advanced Air Mobility
The emerging Advanced Air Mobility market remains attractive with continued growth and strong demand expected through 2025, particularly with key customer Beta.
S/4HANA Upgrade Completed
Successful completion of S/4HANA upgrade across the entire company in May, expected to improve operational efficiencies and deliver enhanced analytics.
New Long-Term Agreement on Bell 525 Program
Secured a new long-term agreement on the Bell 525 program, already delivering to customer expectations.