Nick Stanage, CEO of Hexcel Corporation (HXL), says the company spent $48 million on R&D last year and plans to spend $50 million this year. He says management’s focus is on continued growth and innovation.
“Our R&D spend is divided among working on improving the properties of our products for the next aircraft, qualifying existing products for new aircraft about to enter service, and general material science to identify and develop the next new materials and system solutions that help our customers win in the marketplace,” Stanage says.
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Stanage says Hexcel’s advancement of its carbon-fiber and prepreg technologies have been significant for customers. He says the company has not only advanced the properties of intermediate modulus carbon fiber, but also improved its fiber’s interaction with its prepreg system to enhance performance.
“This improved combination helped us to win the role as the sole supplier of carbon-fiber prepreg for the primary structure, which includes the wings and fuselage, of the Airbus A350 XWB program,” Stanage says.
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