- 3 July 2006 -
Hexcel anticipates impact of A380 delays

Hexcel Corp, Stamford, Connecticut, USA, says that the announced delay on Airbus A380 deliveries is likely to reduce anticipated growth in the revenues of its commercial aerospace business in the second half of 2006 and first half of 2007.

"Early this year, we projected overall company revenue growth of 10% for 2006 led by commercial aerospace and wind energy growth rates in the teens and offset by the decline of ballistic fabric sales,” says David E. Berges, Hexcel chairman, president and CEO. “While we, to date, have little information on the mechanics of the Airbus A380 delay, the increase in build rates of other aircraft still holds the potential for us to see commercial aerospace growth at 10% for the year without the benefit of growth from the A380 program. With ballistic fabric sales continuing to decline from the surge levels of recent years, our total company growth rate for the year may move to the low single digits."

Hexcel Corp; www.hexcel.com

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