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thyssenkrupp Signs 7-year Contract Extension with Bombardier

thyssenkrupp Signs 7-year Contract Extension with Bombardier

thyssenkrupp Aerospace has extended its agreement with Bombardier and will provide raw material management services to the Canadian manufacturer for another seven years.

Continuing the 15-year-long partnership between the two companies, thyssenkrupp Aerospace will handle a range of services from demand forecasting, sourcing, and processing to warehousing and logistics through a control tower.

The control tower closely monitors all operational activities as well as forecasting and order inputs. It also enhances transparency provided via its customer supply chains. Furthermore, thyssenkrupp Aerospace will be able to act immediately in the case of unforeseen events and continually implement improvement measures.

Under the partnership, Bombardier will have a reliable supply of materials to manufacture its aircraft.

“It is our mission to make the aerospace supply chain more resilient and support our customers in the best possible way,” said thyssenkrupp Aerospace CEO Patrick Marous. “The use of a global control tower will enhance visibility for Bombardier and help to make its supply chain more flexible. It is a great example of our strategic approach that goes beyond materials distribution to offering ‘Materials as a Service’.”

As thyssenkrupp Aerospace continues to expand its service portfolio, Ilse Henne, Chief Transformation Officer of thyssenkrupp Materials Services, said the company is observing a “great deal of dynamism” in the market with a “high degree of complexity.”

“We see it as our role to manage this complexity with intelligent solutions so that our customers can concentrate on their core business,” said Henne, as business jet manufacturers are planning to deliver more aircraft this year, despite concerns over a cooling market and supply chain snarls.

thyssenkrupp Aerospace is providing supply chain management for the world’s biggest aerospace manufacturers and suppliers including Bombardier, Saab, AMAG, Deutsche Aircraft, and ITP. The company’s network spans more than 40 sites in over 20 countries.

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