PTC Industries signed a multi-year contract with French major Safran to manufacture parts for LEAP engines

PTC Industries, an aerospace components maker based in Lucknow, India, has signed a multi-year contract with Safran Aircraft Engines to manufacture parts for LEAP engines.

The LEAP engine is a fuel-efficient and high-thrust turbofan engine that is used in a variety of single-aisle aircraft, including the Airbus A320neo and Boeing 737 MAX.

Under the terms of the contract, PTC Industries will manufacture titanium casting parts for the LEAP engine. The company has a long-standing expertise in advanced casting processes, as well as precision machining. The first titanium casting parts for LEAP engines are scheduled to be delivered early in 2024.

The partnership between PTC Industries and Safran Aircraft Engines is a significant development for the Indian aerospace industry. It will help to strengthen India’s position as a global supplier of aerospace components. It will also create jobs and boost economic growth in Lucknow.

Here are some of the potential benefits of the partnership:

  • Increased investment in the Indian aerospace industry: The partnership is expected to attract more investment in the Indian aerospace industry. This will help to create more jobs and boost economic growth.
  • Transfer of technology: PTC Industries will gain access to Safran Aircraft Engines’s cutting-edge technology. This will help the company to improve its manufacturing processes and develop new products.
  • Enhanced market access: The partnership will give PTC Industries access to Safran Aircraft Engines’s global customer base. This will help the company to expand its market reach and export its products to new markets.

Overall, the partnership between PTC Industries and Safran Aircraft Engines is a positive development for the Indian aerospace industry. It is expected to have a number of benefits for both companies and for the Indian economy as a whole.

Leave a Comment