The announcement was made on the March 30th that HIZEAERO(221840) signed an aircraft parts delivery contract with Boeing's China subsidiary in Tianjin-Boeing Tianjin Composites Co. Ltd. (BTC).
The deal is a contract to supply parts of Boeing 787 for ten years from 2020 to 2030, the contract size is about 10.6 billion won, which is 20.0% of the sales in 2019.
Boeing Tianjin Composites Co., Ltd. (BTC) is a subsidiary company established by the global aircraft manufacturing company Boeing and China Aviation Industry (AVIC), mainly focus on Boeing’s latest aircraft B737, 777 and 787 composite parts manufacturing.
“This agreement with BTC is more significant in that it is an additional order after the contract with ACM (Aerospace Composites Malaysia) in January, when the global economy is difficult due to Corona 19, We will continue to strengthen our strategic partnership with BTC and continue to strengthen our partnerships with large global businesses in the future" CEO Sangheon Ha said.