Premium AEROTEC

Premium AEROTEC is an aerospace manufacturing business, headquartered in Augsburg in Germany. It is a subsidiary of Airbus.

Premium AEROTEC GmbH
GmbH
IndustryAerospace
Defence
Headquarters
Augsburg 
,
Germany 
Revenue€1.5 billion in 2012[1]
OwnerAirbus
Number of employees
Over 6000[2]
Websitewww.premium-aerotec.com 
Premium AEROTEC factory in Nordenham
Aerial view of Premium Aerotec in Nordenham (May 2012)

The company was created in September 2008 as a spin off from the multinational aerospace group EADS, which subsequently rebranded itself as Airbus Group. While a large portion of Premium AEROTEC's business has been derived from its parent company, it has also forged partnerships with other manufacturing groups, including Dassault Aviation, Vought and Latécoère. The company has positioned itself as a Tier One supplier of aerostructures, which it produces at its facilities in Germany and Romania.

History

Prior to its establishment as an individual entity, the assets of Premium AEROTEC principally existed within the multinational aerospace group EADS.[3] Its independence came as a consequence of several economic factors affecting the business; during 2007, EADS' management decided to respond to events, such a weakening US dollar and the high investment needed by both the Airbus A380 and A350 XWB airliners, by launching a restructuring initiative intended to streamline the group, divest several non-core activities, and cut costs.[4][5] Accordingly, in September 2008, three factories were spun off from EADS to form Premium AEROTEC; from the onset, it operated as a wholly owned subsidiary of EADS, which has since been rebranded as Airbus Group.[6] Aerospace periodical Flight International compared the move to Boeing's then-recent spin-off of Spirit AeroSystems.[7]

The newly-formed Premium AEROTEC almost immediately committed to expansion in readiness for the production of forward fuselage sections for the A350 XWB airliner.[8] Additional contracts for work on the A350 XWB programme were also received over the following years.[9][10] In 2009, Airbus announced that, despite the impact of the Great Recession, it would maintain commitments to its suppliers at a steady rate to support them.[11] In June 2010, Premium AEROTEC was reportedly on-schedule for its A350 XWB commitments.[12]

In January 2009, Airbus stated its confidence that its recent spin-offs, including Premium AEROTEC, would be ready to seek out their own partners within three to five years.[13] That same year, Premium AEROTEC was reportedly started to actively seek out additional customers for its products;[14] having positioned itself as a Tier One supplier of aerostructures.[15] During 2012, it was announced that the firm had developed a corrugated wing spar on behalf of the North American aerospace firm Boeing.[16] While the company also performs work for a variety of other aerospace manufacturers, Premium AEROTEC remains closely aligned with the needs of Airbus, which is a leading customer as well as the owner of the firm.[4] During 2014, it was announced that the company planned to employ 3D printing technologies in its regular component manufacturing process within two years.[17]

In April 2018, Premium Aerotec chose to adopt Skywise, Airbus's digital services platform, with the goal of improving its supply chain processes.[18] During early 2020, Airbus recorded a €100m restructuring charge in relation to Premium Aerotec.[19]

Locations

Aerotec operates factories in:

The Varel and Nordenham sites were former Airbus factories; the Augsburg site belonged to EADS Military Air Systems.

Products

Premium AEROTEC is a tier-one supplier to Airbus; it produces metal components for all Airbus airliners[2] and also award-winning titanium parts for the Airbus A400M[24]

A range of large composite parts are also made:[3]

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References
  1. "Premium AEROTEC extends restructuring of the company". Premium AEROTEC. Retrieved 28 May 2013.
  2. "Premium AEROTEC commences aircraft component production in Romania". EADS. Archived from the original on 5 March 2016. Retrieved 26 March 2011.
  3. "Premium AEROTEC picks FiberSIM for aerospace design work". Composites World. Retrieved 26 March 2011.
  4. Morrison, Murdo (19 May 2014). "ILA: Premium Aerotec gears up to meet the demands of parent Airbus". Flight International.
  5. "Comment: Airbus's blessing in disguise". Flight International. 13 January 2009.
  6. "Article: EADS and Airbus spin off three factories". AccessMyLibrary. Retrieved 26 March 2011.
  7. Morrison, Murdo (10 July 2009). "Free spirit builds its destiny". Flight International.
  8. O’Keeffe, Niall (2 September 2009). "Premium Aerotec scales up ahead of A350 production". Flight International.
  9. Ranson, Lori (15 June 2009). "PARIS AIR SHOW: Premium Aerotec wins third A350 structures contract". Flight International.
  10. O’Keeffe, Niall (8 June 2020). "ILA: Aerotec shows off its composites bulk". Flight International.
  11. Kingsley-Jones, Max (17 June 2009). "PARIS AIR SHOW: Stable, high delivery stream is best support we can give suppliers: Enders". Flight International.
  12. Thisdell, Dan (9 June 2010). "ILA: Aerotec on course to meet A350 XWB targets". Flight International.
  13. Kingsley-Jones, Max (15 January 2009). "Airbus standalone plants ready for partners 'in three to five years': Bregier". Flight International.
  14. "PARIS AIR SHOW: Composite spin-off targets new customers". Flight International. Retrieved 26 March 2011.
  15. Flottau, Jens (2009). "New EADS subsidiary Premium Aerotec works to become independent Tier 1 aerospace supplier". AVIATION WEEK AND SPACE TECHNOLOGY.
  16. Gubisch, Michael (12 September 2012). "ILA: Premium Aerotec develops corrugated wing spar for Boeing". Flight International.
  17. Gubisch, Michael (7 August 2014). "Premium Aerotec to introduce 3D printing technology". Flight International.
  18. Gubisch, Michael (27 April 2018). "Airbus links Premium Aerospace to Skywise data platform". Flight International.
  19. Kaminski-Morrow, David (13 February 2020). "Airbus takes €100m charge to restructure key fuselage supplier". Flight International.
  20. "Premium AEROTEC GmbH - Aerostructures for the Future" (PDF). SAE. Retrieved 26 March 2011.
  21. "ThyssenKrupp: 10-year contract with EADS subsidiary Premium AEROTEC". ASDNews. Retrieved 26 March 2011.
  22. "EADS to expand to Romania". Airline Post. Retrieved 26 March 2011.
  23. Morrison, Murdo (11 January 2018). "ANALYSIS: Airbus powers up its other assets in Romania". Flight International.
  24. "Unique titanium component for A400M received an award". Airframer. Retrieved 26 March 2011.
  25. "Premium AEROTEC makes first 3/2b Eurofighter fuselage section in Varel". EADS. Retrieved 26 March 2011.
  26. "Fuselage". Premium AEROTEC. Retrieved 26 March 2011.
  27. "Biggest A350 XWB carbon fuselage panel manufactured". Airframer. Retrieved 26 March 2011.
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