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Coventry aerospace supplier builds on King’s Award success with multi-million-pound contract wins
Arrowsmith Engineering (Coventry) has secured a string of new multi-million-pound contracts – just a few days after it was named as a King’s Award for Enterprise winner for International Trade.
The manufacturers of precision aerospace are part of the rapidly growing ASG Group and have sealed long-term agreements with ITP Spain, Incora and Rolls-Royce in the UK and Germany, delivering the largest order book in its 57-year history.
It marks what has been a strong export period for the business, with overseas sales rocketing by nearly 400 per cent following the pandemic and accounting for 35 per cent of the firm’s annual £8.3 million turnover.
Precision components manufactured at its Bayton Road factory in Coventry are sent to global customers in Brazil, China, France, Germany, Singapore, and Spain for end use in aerospace engines, landing gears and air frames.
Jason Aldridge, Managing Director of Arrowsmith Engineering, said: “Civil aviation - a major market for us - literally dropped off the cliff (40 per cent reduction) with the pandemic and we had to show good oldfashioned resilience and a fair bit of business innovation to get through it.
“But now we are back and targeting our best-ever year of over £11 million sales. We have also successfully moved with changes in the sector when it comes to the location of customer production facilities.
“Thanks to our technical expertise, our ability to add value in design and the financial strength of the ASG Group, we have been able to secure contracts in new countries, as well as securing these long-term agreements with ITP, Incora and Rolls-Royce.”
Arrowsmith Engineering, which has been reaccredited for the Silver SC21 supply chain award for quality and delivery performance, has recently taken delivery of two further dual spindle Lynx 21000ISLYA/B CNC Mills machines.
This £300,000 investment follows the success of the recently installed 3 Lynx machines and the 5-axis DVF5000 and 4-axis DNM4500 cobot systems.
A strong commitment to new technology and robotics, coupled with the creation of 10 new jobs, has given Arrowsmith the capacity and capability to win work against rivals 10 times its size.
Plans are now in place to take annual sales past £25 million over the next two years to