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Hampson Industries Plc

Hampson Industries Plc Secures Major Aerospace Contract

London (ots)

Hampson Industries PLC ("Hampson") today announces
that it has signed a Long Term Agreement with Eclipse Aviation
Corporation of the USA for the manufacture and supply of the
empennage assembly for the revolutionary Eclipse 500 jet aircraft. 
The contract has an estimated total value of approximately USD 380
million.
The agreement represents the largest single contract ever awarded
to Hampson and is line with the group's strategy of focussing on
higher value-added activities in growth sectors.
Under the contract, Hampson's Aerospace Fabrications & Assemblies
Division will assemble the complete empennage structure of the
aircraft from detailed component and large stretch-formed parts
manufactured substantially within its own facilities.  Completed
assemblies will then be delivered direct to Eclipse Aviation's
manufacturing facilities in Albuquerque, New Mexico, USA, on a
just-in-time basis.  The manufacturing strategy includes using the
principles of single piece flow, coupled with six sigma quality.
Commenting on the agreement, President and CEO of Eclipse
Aviation, Mr Vern Raburn said:
"The Hampson team has demonstrated strong expertise in structural
part fabrication and component assembly, proven knowledge of
production logistics, and an ability to scale their manufacturing to
support our high volume production.
"This contract once again demonstrates Eclipse Aviation's
commitment to search globally to find the most qualified partners,
who share our vision to change the way people travel and have the
capability to support our value proposition."
Commenting on the agreement, Mr Kim Ward, Chief Executive of
Hampson said:
"We are delighted to be associated with Eclipse and to have the
opportunity of playing a significant part in the launch of this
revolutionary new aircraft.
"Since the global downturn in civil aerospace, we have focused
intensively on improving our competitiveness through  rationalisation
and the achievement of world-class levels of cost, quality and
delivery performance in all of our principal businesses.  This has
enabled us to build a global brand in aerospace component and
logistical supply, offering a clear value proposition to the leading
airframe and aero-engine manufacturers globally.
"The securing of this contract, which provides us with access to a
high profile and potentially very high volume programme, is a key
achievement in our growth strategy and follows other successful
recent new contract gains by Hampson.  We are committed to working in
very close partnership with Eclipse to ensure the success of this
most important of aerospace programmes."
The Eclipse 500 is a revolutionary new light twin-jet aircraft
costing USD 950,000 that will set new standards in jet safety,
performance and value. Powered by two Pratt & Whitney Canada PW610F
engines, the aircraft will have accommodation for five passengers
plus the pilot and will have a maximum cruise speed of 375 knots. 
Orders and options for in excess of 2,000 Eclipse 500 aircraft have
been taken to date.
Ends.
Hampson Industries PLC
Brierley Hill, West Midlands
10 December 2003
Notes to Editors:
Hampson Industries PLC
Hampson Industries is a UK-listed precision engineering group
serving the global aerospace, precision automotive and specialist
engineering markets.  For the year ended 31 March 2003, the group had
sales of £74 million and 1'300 employees.
Some 70% of the group's revenues are aerospace related.  The
group's operations are structured into four divisions, operating from
eight facilities in the UK and three in North America.  Its Aerospace
Fabrications and Assemblies division has developed, through
continuous investment, an unequalled range of process capabilities in
aluminium airframe component manufacture, including operating some of
the largest aluminium sheet stretch forming equipment currently in
use in the independent European aerospace supply chain.
The group is an existing principal supplier to Airbus, with
airframe components supplied on virtually all the family of current
Airbus aircraft.  Other principal customers include; Rolls-Royce plc,
Short Brothers and GKN plc.  The group's Precision Automotive
division, which has a global leadership position in the manufacture
of critical tolerance componentry for automotive turbo-chargers, is a
key supplier to Borg Warner Automotive, Honeywell and
Ishikawajima-Harima Heavy Industries Co. ("IHI") of Japan, amongst
many others.
Web site: http://www.hampson-industries.plc.uk
Eclipse Aviation Corporation
Eclipse Aviation is in the business of designing, certifying and
producing modern, affordable jet aircraft that will revolutionise the
transportation market.  The company is applying advanced electronics
systems, manufacturing and business practices to produce aircraft
that cost less than a quarter of today's small jet aircraft, will be
significantly safer and easier to operate than those of today, and
have the lowest cost of ownership ever achieved in a jet aircraft.
The goal of Eclipse is to bring the word "personal" into aviation,
making it possible for commercial air passengers to move directly
between cities on a quick, affordable and convenient basis. It will
also allow pilot owners to enter the world of jet-powered aviation.
Web site: http://www.eclipseaviation.com
This information is provided by RNS
The company news service from the London Stock Exchange

Contact:

Kim Ward
Chief Executive
Phone +44/1384 472941

Howard Kimberley
Finance Director
Phone +44/1384 472946

Press contact:
Kathleen Bowden
CXO Communication
Phone +1/617 247 0122,
E-Mail: Kathleen@cxocommunication.com