Under the agreement, thyssenkrupp Aerospace will continue to provide also raw materials supply, and offer value-added services
Boeing and thyssenkrupp Aerospace (thyssenkrupp Materials Services) have signed a contract extension under which the latter company will continue to provide dedicated supply chain management services, supply raw materials, and offer value-added services to Boeing and its worldwide network of subcontractors. The partnership between the companies is a longstanding one, in place since 1998.
thyssenkrupp Aerospace works from multiple facilities across North America, entirely dedicated to providing raw material and value-added services to Boeing and its subcontractors in North America, Europe, and Asia. From these sites, thyssenkrupp Aerospace oversees the material management for Boeing for the supply of aluminium flat & extrusion products and titanium.
thyssenkrupp Aerospace optimises supply chain and materials with a high focus on reducing risk, maximising efficiency, and managing and delivering materials and parts. The company uses big data and advanced analytics to ensure material supply for Boeing amid global constraints and fast-changing economic and geopolitical conditions.
Patrick Marous, thyssenkrupp Aerospace CEO, said: “We have been working in close partnership with Boeing for more than 25 years, and our relationship has demonstrated time and again to be effective at mitigating disruptions to the aerospace industry. This contract shows our continued commitment to providing long-term stability for Boeing’s supply chain.”
“We are delighted to continue this long-term partnership with thyssenkrupp Aerospace,” said Jeff Carpenter, Senior Director, Contracts & Category Management at Boeing. “With the dynamic nature of the aerospace industry, the flexibility inherent in this partnership supports our changing and evolving needs.”
The raw material for Boeing’s extensive network of subcontractors is managed by thyssenkrupp Aerospace, which allows for total demand aggregation, the ability to plan for ramp-ups and downs, reduced lead times, and other optimisations.
