A Coventry aerospace company is boosting its workforce by 20 per cent after securing a major deal in the US.
Arrowsmith Engineering, which employs 60 people at its Bayton Road base in Exhall, is creating 12 new jobs following the $1 million deal.
Arrowsmith is a precision component manufacturer and its latest US contract is to manufacture a production part for aeroplane engines that fly millions of miles every year.
Backed by support from the Manufacturing Growth Programme (MGP), the company now expects to double its annual sales to £7 million by 2020.
Jason Aldridge, managing director of Arrowsmith Engineering, said: “Our client base is the who’s who of the aerospace sector and the only way we get to supply into these type of businesses is by offering precision components and on time delivery…in fact, the latter is at 98 per cent for the last year.
“This was a key factor in us winning the new order and will take the business to a whole new level.
“We’ve had to employ 12 new people to cope with the increased demand.”
Arrowsmith is a specialist in precision turning, milling, thread rolling and grinding, providing components in titanium, nimonics, stainless steel, exotic metal and engineering plastics.
The company has been working with the Manufacturing Growth Programme since October last year.
The partnership has included assistance in developing a long-term strategy and how to make the most of international opportunities.
Mr Aldridge added: “As an SME, you can sometimes get weighed down with just meeting daily customer requirements and lose track of what could be the bigger picture.
“That’s why having a specialist from MGP, who has time to look at the overall strategy of the business, can be beneficial.”
Michelle Connor from MGP said: “One of the things we do really well is getting under the skin of the business we are supporting, identifying the exact support it needs in order to move it to the next stage.
“This is exactly what we did with Arrowsmith.
“The expertise was very targeted, but has the potential to unleash the firm’s potential and generate more than £3.5 million of new sales.”
This year has been a busy one for Arrowsmith Engineering, with the completion of a new factory extension.
This included a new-build office block to house 18 staff, break-out room, canteen and dedicated meeting space.
It also saw the addition of 3,500 sq ft of extra production space and the installation of new equipment.Discover More