Since the Covid-19 pandemic outbreak, the aviation and consequently, the aerospace manufacturing industry has witnessed a sharp downfall. As the year progressed, we have pivoted and had to re-think, re-generate and re-wire our business strategies to mitigate the risks and emerge stronger from the impact suffered. Over the last quarter, the focus at Aequs Aerospace has been towards consolidating our business and revenues, with a strong emphasis on pulling back from the setbacks caused by the worldwide pandemic.
This quarter saw us making significant progress and achieving key milestones, which include:
Boeing:
We signed our first package contract with Boeing BGS for their spares division. This is a package for the structural part of legacy platforms and covers several parts. This is a significant achievement as we are in the process of increasing our engagement and scope of execution with Boeing.
Special Process Approval from Collins:
Over the last quarter, our surface treatment unit, API received approval for the Aerostructures Group (ASG) specification from Collins Chula Vista. With this special process approval in place, we are now developing FAI for the same.
Looking into the future, Aequs Aerospace remains committed to supporting the industry in its endeavour to pull back from the vast impact of the pandemic. We will continue to be agile and innovative, maintain our competitive edge, and strengthen our position as a robust supply chain partner in the industry ecosystem.