LAER: SIGNED THE CONTRACT FOR THE REALIZATION OF THE ENTIRE STRUCTURAL KIT OF CONVERSION FROM PASSENGER TRANSPORT TO CARGO TRANSPORT OF THE BOEING 777-300ERSF AIRCRAFT TOTAL VALUE OF THE ORDER: 100 MILLION EUROS

Press release

Airola (BN), December 28, 2021 - LAER SpA, a private company that has been operating in the aeronautical sector since 1989 and carries out the design, production, assembly and integration of complex aeronautical structures, announces that today the contract for the construction of the entire kit has been signed structural conversion from passenger transport to cargo transport of the BOEING 777-300ERSF aircraft to be carried out in the next 4 years. The value of the order is 100 million euros. The first delivery is expected in January 2023. The product will be manufactured for IAI (Israel Aerospace Industries Ltd) Aviation Group, the main Israeli aeronautical industry, also world leader in the cargo transformation of passenger aircraft. Andrea Esposito, Sole Director of LAER, commented: "thanks to this acquisition, LAER flies beyond the pandemic and confirms itself as a reference company for the world of aeronautical subcontracting not only in Italy but in the world. The order is very important for us. as it represents the opening of the relationship with the main aviation industry of Israel, and allows us to contribute to the development of the territory with a significant industrial impact, this makes us very proud and encourages us to push the limits with ever more ambitious projects. The resilience that we have shown, in a dark moment for our sector, and the right strategic choices we have put in place, have been rewarded. A result achieved thanks to the work of a strong and close-knit team, which has been able to interpret the complex needs of the customer. LAER was chosen as a partner to share an important project with. In thanking all my collaborators, I want to send a message of trust, in our future, to the workers who are experiencing the great difficulties associated with layoffs. This order confirms our forecasts and our development plans for the next few months ". This press release is available at the administrative headquarters of LAER and in News section of the website www.laergroup.com