Aero-Structure Technologies Cyclone (ATC), a joint venture by Partnership Fund of Georgia and Israeli Company Elbit Cyclone, has signed the first deal for sales of its products. The airplanes spares manufactured in Georgia will be purchased by Boeing.
The agreement was signed by Elbit Cyclone director David Vidan and ATC director Ari Weisbort.
The pant has finished test operation and manufactured the first product. Currently, the plant employs more than 120 persons trained by Elbit Cyclone specialists in Israel. The training courses will be continued in several stages. With the full workload the plant will employ about 300 persons.
At this stage the certification process has been finished at the plant. The company owns ISO certificate and Boeing’s compliance certificate.
ATC is the best sample of attracted investments, Nino Cholokashvili, investments department manager of Partnership Fund and project manager Nino Cholokashvilis said.
We remind you that ATC plant was established as a joint project by Partnership Fund and Israeli company Elbit Cyclone. The project’s investment value constituted 93 million USD. The plant manufactures high-standard airplane spares, including gates, aerodynamic surface, control panels and other spares. The ACT products will be supplied to Boeing, Airbus, Bombardier and other distinguished airplane manufacturing companies.