Featured in The Wall Street Transcript’s Best CEO Interviews of 2015
Nick L. Stanage, President, CEO and Chairman of Hexcel Corporation (HXL) interviewed with TWST this year for the Industrial Equipment, Aerospace and Defense report.
In his interview, Stanage discussed one of the largest trends in aircraft manufacturing, and how HXL is currently benefiting from an increasing use of composites:
The big trend we have been seeing in aircraft OEMs is their increasing use of composites in both airframes and engine systems. Designing airframes and engine systems are very long-lead items, and much of the past efforts are driving significant growth now. We have all seen the introduction and increase in production of the Boeing 787. At the end of 2014, the new Airbus A350 XWB entered service, and they plan to steadily increase monthly production of that composite-intensive plane through 2018.
Following behind that will be the re-engined narrow-body aircraft, the A320neo, which should enter service at the end of this year and then see its production grow in the years that follow. In 2017, Boeing will have its re-engined narrow-body, the 737 MAX, enter service, and it too will see increased levels of production over the balance of the decade. Additionally, you will see the re-engining of the A330, and Boeing rolling out their new 777X by 2020. All of these planes are expected to contain significantly higher levels of Hexcel materials and should keep us very busy for the next several years.
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