Flow International Corporation to Begin Work on the Airbus Contract
Kent, WA - August 6, 2008 - Flow International Corporation, the world's leading developer and manufacturer of industrial waterjet machines for cutting and cleaning applications announced that it has received purchase orders for four systems under the recently awarded contract to exclusively supply Airbus with Composite Machining Center (CMC) abrasive waterjet and routing machine tool systems to support the production of its upcoming A-350XWB.
The purchase orders were for a CMC to machine the keel beam section in Nantes, France, a CMC to machine the cockpit section 11 and 12 in Meaulte, France, a CMC to machine forward fuselage panels section 13 and 14 in Nordenham, Germany, and a CMC to machine forward fuselage panel section 19 in Illescas, Spain. The total value of the four purchase orders exceeds $13 million in revenue and is now in Flow's backlog. These purchase orders represent a portion of the total Airbus contract that is expected to exceed $30 million. It is expected that the balance of machines for the contract will enter into backlog by late summer 2008. All systems under the contract are expected to be built and installed over the next one to two years.
ABOUT FLOW INTERNATIONAL
Flow International Corporation is the world's leading developer and manufacturer of ultrahigh-pressure waterjet technology for cutting and cleaning. Flow provides state-of-the-art ultrahigh-pressure (UHP) technology to numerous industries including automotive, aerospace, job shop, surface preparation, food and dozens more. For more information, visit www.flowcorp.com.
Contact:
Flow Media Relations
Lisa Brandli
425-653-1237
lbrandli@flowcorp.com
