PTCIL subsidiary Aerolloy secures critical Titanium casting order from Safran for LEAP engine
Aerolloy Technologies, a subsidiary of PTC Industries, received a development order from Safran Aircraft Engines for critical Titanium cast parts for the LEAP engine programme. A long-term production framework has been established via an MoU, pending successful development and qualification. The components are fully machined and ready-to-fit.
Securing a development order for critical components of a major aircraft engine programme from a renowned manufacturer like Safran Aircraft Engines signifies a significant business win, potentially leading to substantial long-term revenue and reinforcing the company's position in the aerospace supply chain.
The company has secured a development order from a major international player in the aerospace industry for critical engine components, indicating a strengthening business relationship and potential for long-term production.
PTC Industries Limited announced that its wholly owned subsidiary, Aerolloy Technologies Limited, has received a development order from Safran Aircraft Engines for critical Titanium cast parts for the LEAP engine programme. These components will be supplied fully machined and ready-to-fit.
Aerolloy Technologies and Safran Aircraft Engines have also signed a Memorandum of Understanding (MoU) to establish a commercial framework for long-term production supply, contingent upon successful development and qualification. The LEAP engine is a significant commercial aero-engine programme powering aircraft like the Airbus A320neo and Boeing 737 MAX.
The manufacturing process will leverage Aerolloy's integrated 'PTC ONE™ - from Melt to Mission™' system, encompassing Titanium material capability, precision investment casting, HIP, vacuum heat treatment, special processes, precision machining, assembly, and inspection. This integrated approach ensures process continuity, quality control, traceability, and supply-chain resilience, which are crucial for global aerospace programmes.
Mr. Sachin Agarwal, Chairman & Managing Director of PTC Industries Limited, stated that the selection for these critical Titanium components validates the company's integrated aerospace manufacturing capabilities. He highlighted the depth of responsibility, from material capability to the final ready-to-fit supply of components.
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PTC Industries Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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