Hispano-Suiza expands its scope of business

Paris, April 2, 2002

Effective today, Snecma is taking its aircraft engine equipment business to a new level, by grouping the operations of Hispano-Suiza (power transmissions) and Snecma Control Systems (engine control systems).

The new entity will retain the name of Hispano-Suiza.

This consolidation enhances Hispano-Suiza's ability to offer its customers complete product and service packages for aircraft systems and equipment. It is designed to foster technology and skills synergies, giving Hispano-Suiza the solid technological foundations needed to meet new challenges in the fast-changing aviation market.

Pascal Sénéchal, 52, has been named Chairman and CEO of the revamped company. He was previously head of Snecma Moteurs' Military Engine Division.

The expanded Hispano-Suiza will have 1,800 employees and two main sites in the Paris area: the first groups two facilities, at Colombes (headquarters, power transmission division) and Bezons (hydromechanical assemblies); the second is at Réau, near Melun. The company will also coordinate operations at the Peterborough plant in Canada, which develops and markets aircraft and aircraft engine electronics.

Hispano-Suiza is a world leader in the design, development and production of power transmissions for civil and military airplane and helicopter engines, with some 14,500 systems now in service worldwide. By adding Snecma Control Systems, Hispano-Suiza also becomes a supplier of integrated engine control systems, electric thrust reverser actuation systems and braking control systems.

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