-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HoafQPfs8H8+hRCp1iA1zI7iQUiOiqfb78cVI7IQ5MNNojDr1hR6odC4DgBVmEEw scr1OynoYVwZgvxqct6Uuw== 0001157523-08-004681.txt : 20080530 0001157523-08-004681.hdr.sgml : 20080530 20080530113406 ACCESSION NUMBER: 0001157523-08-004681 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080530 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080530 DATE AS OF CHANGE: 20080530 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HEXCEL CORP /DE/ CENTRAL INDEX KEY: 0000717605 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS, MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS [2821] IRS NUMBER: 941109521 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08472 FILM NUMBER: 08869075 BUSINESS ADDRESS: STREET 1: TWO STAMFORD PLAZA STREET 2: 281 TRESSER BLVD., 16TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06901 BUSINESS PHONE: 203-969-0666 MAIL ADDRESS: STREET 1: TWO STAMFORD PLAZA STREET 2: 281 TRESSER BLVD., 16TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06901 8-K 1 a5697876.htm HEXCEL CORPORATION 8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934

 

May 30, 2008                   (May 30, 2008)

Date of report     (Date of earliest event reported)

 

Hexcel Corporation

(Exact Name of Registrant as Specified in Charter)

Delaware

1-8472

94-1109521

(State of Incorporation)

(Commission File No.)

 

(IRS Employer Identification No.)

 

 

Two Stamford Plaza

281 Tresser Boulevard

Stamford, Connecticut  06901-3238

(Address of Principal Executive Offices and Zip Code)

 

(203) 969-0666

(Registrant's telephone number, including area code)

 

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Section 8 – Other Events

Item 8.01       Other Events

Hexcel has been awarded a contract to supply carbon fiber composite materials for major primary structures of the Airbus long-range wide-body A350 XWB aircraft through the year 2025. Hexcel issued a press release on May 30, 2008 regarding this matter, which is filed as exhibit 99.1 hereto.


Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

HEXCEL CORPORATION

May 30, 2008

 

 

 

 

/s/ Wayne C. Pensky

Wayne C. Pensky

Senior Vice President and Chief

Financial Officer

Item 9.01      Financial Statements and Exhibits

         (d)       Exhibits

                    99.1      News Release dated May 30, 2008


Exhibit Index

Exhibit No.

Description
 
99.1

News Release dated May 30, 2008

EX-99.1 2 a5697876ex99_1.htm EXHIBIT 99.1

Exhibit 99.1

Hexcel to Supply Carbon Fiber Composites for Airbus A350 XWB Primary Structures

Contract Valued at $4 - $5 Billion over its term

STAMFORD, Conn.--(BUSINESS WIRE)--Hexcel Corporation (NYSE: HXL) today announced that it has been awarded a contract to supply carbon fiber composite materials for major primary structures of the Airbus long-range wide-body A350 XWB aircraft. The award covers the entire family of A350 XWB aircraft through 2025. In the coming months, as the A350 XWB design is finalized, Hexcel and Airbus have agreed to complete the final specification and qualification of Hexcel’s materials for the selected primary structures. Hexcel expects the award to generate revenues of $4-5 billion over the life of the contract. In addition to the award for primary structures, Hexcel is offering other composite products for consideration for use in secondary structures and interiors, such as fabrics, resins, prepregs, adhesives, honeycombs and HexMC® molded parts for the A350 which could be a source of significant additional revenues associated with the program.

Mr. David E. Berges, Hexcel’s Chairman and Chief Executive Officer said, “This achievement is the result of years of innovation, technical and operational developments and breakthroughs thanks to the hard work by many dedicated employees at both companies. As a composites industry leader, Hexcel believes that it offers the right mix of materials science, product portfolio and other creative solutions to meet a broad range of our customers’ needs, particularly in aerospace and wind energy. We are extremely proud that we have been awarded this contract and look forward to supporting the success of the A350 program.”


Under the A350 XWB award, Hexcel will principally supply a HexPly® toughened epoxy prepreg made with Hexcel’s HexTow® intermediate modulus carbon fiber. Hexcel expects to make significant capital expenditures for capacity expansions as the A350 ramps up to its anticipated build rate. The exact timing and the size of these expansions will be determined by the build rate forecasts by Airbus and its suppliers. The materials and their components will be manufactured at Hexcel facilities in the U.S., France, Spain, Germany and the United Kingdom.

Certain statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Achieving the estimated level of Hexcel’s sales for the A350 XWB involves a number of risks, uncertainties and other factors that could cause actual results to differ materially from estimates, among which are the actual requirements of Airbus for Hexcel’s products for the A350 XWB based on its final design, and the ability of Hexcel materials to be qualified to the specification and the aircraft to be certified. Other risks such as interruption or cancellation of the A350 XWB program; disruption in the supply chain, changes to the design requirements leading to use of materials not supplied by Hexcel could lead to materially different results for Hexcel. For a description of other factors see Hexcel’s filings with the Securities and Exchange Commission. Hexcel undertakes no obligation to update forward-looking statements.


Hexcel Corporation is a leading advanced composites company. It develops, manufactures and markets lightweight, high-performance structural materials, including carbon fibers, reinforcements, prepregs, honeycomb, matrix systems, adhesives and composite structures, used in commercial aerospace, space and defense and industrial applications.

CONTACT:
Hexcel Corporation
Financial:
Wayne Pensky, 203-352-6839
wayne.pensky@hexcel.com
or
Media:
Michael W. Bacal, 203-352-6826
michael.bacal@hexcel.com

-----END PRIVACY-ENHANCED MESSAGE-----