OverviewSuggest Edit

Aernnova Aerospace is a company specializing in the design and manufacturing of aerostructures and components. It provides engineering services, components design and stress analysis, testing and certification, and support services. The company produces wings, empennages, fuselage sections, movable and secondary structures, composite components, and metallic parts.

TypePrivate
Founded1993
HQMiñano Mayor, ES
Websiteaernnova.com
Employee Ratings3.5

Latest Updates

Employees (est.) (Oct 2021)4,633(-8%)
Revenue (FY, 2020)€514 M(-27%)
Cybersecurity ratingBMore
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Key People/Management at Aernnova

Ricardo Chocarro

Ricardo Chocarro

Chief Executive Officer
Eduardo Del Campo

Eduardo Del Campo

Chief Financial Officer
Iñigo Gimenez Sainz de la Maza

Iñigo Gimenez Sainz de la Maza

EVP Business Excellence
David J. Barger

David J. Barger

President, Audit and Compliance Committee
Marwan Lahoud

Marwan Lahoud

President, Appointments and Remunerations Committee
Javier Herrero

Javier Herrero

VP Change Management & IT
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Aernnova Office Locations

Aernnova has offices in Miñano Mayor, Alava, Illescas, La Rinconada and in 3 other locations
Miñano Mayor, ES (HQ)
Leonardo Da Vinci Kalea
Alava, ES
Lacorzanilla
La Rinconada, ES
Calle Charles A. Lindbergh, 7
Madrid, ES
Av. del Llano Castellano, 13
Sao Jose, BR
Av. Dr. Sebastião Henrique da Cunha Pontes, 4810 - Palmeiras de São José
Santiago, MX
Av Industria de la Transformación 431, Parque Industrial
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Aernnova Financials and Metrics

Summary Metrics

Founding Date

1993

Aernnova total Funding

$1 b

Aernnova latest funding size

$1 b

Time since last funding

5 years ago

Aernnova investors

Aernnova's latest funding round in June 2017 was reported to be $1 b. In total, Aernnova has raised $1 b
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Aernnova Revenue

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Aernnova's revenue was reported to be €514.04 m in FY, 2020 which is a 27.9% decrease from the previous period.
EUR

Revenue (FY, 2020)

514.0m

Revenue growth (FY, 2019 - FY, 2020), %

(27.9%)

Gross profit (FY, 2020)

241.4m

Gross profit margin (FY, 2020), %

47%

Net income (FY, 2020)

(70.2m)

EBIT (FY, 2020)

(32.0m)

Cash (31-Dec-2020)

179.6m
EURFY, 2018FY, 2019FY, 2020

Revenue

683.2m712.9m514.0m

Revenue growth, %

4%(28%)

Cost of goods sold

315.5m327.6m272.6m

Gross profit

367.7m385.3m241.4m
EURFY, 2018FY, 2019FY, 2020

Cash

6.3m26.9m179.6m

Accounts Receivable

249.5m249.8m184.7m

Inventories

156.9m145.5m153.6m

Current Assets

426.1m430.8m548.6m
EURFY, 2018

Revenue/Employee

722.2k

Debt/Equity

3 x

Debt/Assets

0.6 x

Financial Leverage

4.9 x
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Aernnova Operating Metrics

May, 2020Oct, 2021

Countries

66

Product Lines

66

Programs

2930

Suppliers

200200
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Aernnova Acquisitions / Subsidiaries

Company NameDateDeal Size
HambleOctober 04, 2019
Structural Integrity EngineeringMarch 29, 2019
Brek ManufacturingApril 06, 2017
SERRADecember 31, 2008
Intec-AirDecember 31, 2005
ICSADecember 31, 2004
NMF EuropeDecember 31, 2003
AEC AUTOMOTIVE EQUIPMENT CONTRACTOR S.R.L.
AERNNOVA AEROESTRUCTURAS ALAVA, S.A.
Aernnova Aerospace México, S.A. de C.V.
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Aernnova Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

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Aernnova Online and Social Media Presence

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Aernnova News and Updates

Embraer and Aernnova announce new strategic partnership in Évora

Embraer (B3: EMBR3,NYSE: ERJ) and Aernnova, an international reference company in the supply of aerostructures, today announced a strategic partnership for Embraer Metálicas and Embraer Compósitos industrial units, located in the Aeronautical Industry Park of Évora, Portugal. The transaction contemp…

Aerion Supersonic Selects Aernnova to Design and Develop Mid Fuselage for the AS2 Supersonic Business Jet

RENO, Nev., Dec. 11, 2019 /PRNewswire/ -- Aerion Supersonic, the leader in supersonic technology, today announced it has selected Aernnova to design and develop the mid fuselage, a major fuselage component, for the AS2 supersonic business jet. Mr. Iñaki Lopez Gandasegui, Chairman & CEO of...

Advancing Aerostructure Design And Manufacturing: UTC Aerospace Systems To Collaborate With Aernnova Aerospace

CHARLOTTE, N.C., Oct. 17, 2018 /PRNewswire/ -- UTC Aerospace Systems, a unit of United Technologies Corp. (NYSE: UTX), today announced that it has signed a letter of intent for a strategic collaboration with Aernnova Aerospace. This collaboration will focus on advancing aircraft...

Aernnova Blogs

Aernnova Aeroestructuras Alava receives the visit of the Minister for Regional Policy of the Spanish Government, Isabel Rodríguez

The Minister for Regional Policy and Spokesperson of the Spanish Government Isabel Rodríguez, has made an institutional visit to the Aernnova site in Berantevilla. Accompanied by the Chairman of Aernnova (Iñaki López Gandásegui) the CEO (Ricardo Chocarro), the Director of Institutional Relations (Ja…

EMBRAER AND AERNNOVA ANNOUNCE NEW STRATEGIC PARTNERSHIP IN ÉVORA

–        Under the terms of the partnership, Aernnova acquires Embraer industrial plants in Évora, Portugal, and a long term supply agreement is signed between both companies   Embraer and Aernnova, today announced a strategic partnership for Embraer Metálicas and Embraer Compósitos industrial units…

First Clean Aviation Joint Undertaking Governing Board welcomes new members and agrees on pathway towards climate-neutral aviation

The Governing Board of the Clean Aviation Joint Undertaking today endorsed the Strategic Research and Innovation Agenda towards climate-neutral aviation by 2050. At its first meeting the Governing Board welcomed Rosalinde van der Vlies, the European Commission’s Director for Clean Planet as Chair an…

Heart Aerospace Selects Aernnova to design and develop the structure for the ES-19 Electric Airplane

Heart Aerospace has selected Arennova to co-design the structure for the new ES-19 electric airplane – an all-electric aircraft designed to carry nineteen passengers on short regional routes. The aircraft will enter into service in 2026. Aernnova will work together with Heart’s engineers in the desi…

Aernnova has been selected by Airbus for the Operational Excellence Award

This award recognizes Aernnova for its exceptional industrial performance. The award was announced during the annual Airbus Global Supplier conference held last October 29, hosted by Juergen Westermeier, Airbus CPO,  and attended by Airbus suppliers. Awards were presented in three different categori…

AERNNOVA GROUP WILL BE REPRESENTED AT MRO EUROPE 2019 EXHIBITION

AERNNOVA Group will be represented in MRO Europe 2019 through two of its affiliates: ARNNOVA Engineering  & AERNNOVA Aircraft Services, both of them with operations in the aftermarket, to OEMs, Independent MROs and Operators. AERNNOVA Engineering withholds the Ho Design office, and works on the …
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Aernnova Frequently Asked Questions

  • When was Aernnova founded?

    Aernnova was founded in 1993.

  • Who are Aernnova key executives?

    Aernnova's key executives are Ricardo Chocarro, Eduardo Del Campo and Iñigo Gimenez Sainz de la Maza.

  • How many employees does Aernnova have?

    Aernnova has 4,633 employees.

  • What is Aernnova revenue?

    Latest Aernnova annual revenue is €514 m.

  • What is Aernnova revenue per employee?

    Latest Aernnova revenue per employee is €111 k.

  • Who are Aernnova competitors?

    Competitors of Aernnova include Triumph Aerostructures, STELIA Aerospace and NORDAM.

  • Where is Aernnova headquarters?

    Aernnova headquarters is located at Leonardo Da Vinci Kalea, Miñano Mayor.

  • Where are Aernnova offices?

    Aernnova has offices in Miñano Mayor, Alava, Illescas, La Rinconada and in 3 other locations.

  • How many offices does Aernnova have?

    Aernnova has 7 offices.