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0NWW Ab Skf

188.80
0.00 (0.00%)
27 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ab Skf LSE:0NWW London Ordinary Share SE0000108201 SKF ORD SHS
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 188.80 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Steel Foundries, Nec 103.88B 6.4B 14.0441 1.56 9.95B

SKF announces electric aviation agreement with Lilium

21/06/2023 2:48pm

PR Newswire (US)


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SKF leads the way in bearing provision for the electric aircraft market

GOTHENBURG, Sweden, June 21, 2023 /PRNewswire/ -- SKF is today announcing that a supplier agreement has been signed with Lilium, developer of the first all-electric vertical take-off and landing (eVTOL) jet. SKF has supported Lilium on the design of electric motor bearings for the Lilium Jet's electric engine and has agreed to support the program by producing electric motor bearings for the type-conforming aircraft.

The emerging electric aircraft market has great potential to change the way we look at aviation and logistics, allowing for a more sustainable way of transporting people and goods. Market research shows that by 2030, the eVTOL market could potentially be worth up to 30 billion dollars.*

Greg Zimmerman, Director Aerospace Business Unit at SKF, says: "With electrification, the aerospace industry will experience a transformation in the coming years. We are pleased to be a part of this development by being the preferred bearing supplier on the electric motor bearings of the Lilium Jet. It supports our strategic focus on sustainability and our commitment towards the achievement of the goals set out in the Paris Climate agreement. We are the first bearing supplier to have a dedicated product portfolio, team and partnership experience in this exciting electric aviation segment." 

After almost two years of collaborative work and a significant number of iterations, the SKF bearings are now undergoing final certification and qualification tests. With a dedicated electric aviation team and strong technical support, SKF has been able to help Lilium reduce system weight, fulfil Aerospace certification requirements and meet low-cost and short lead time targets.

SKF has also been able to offer support to the whole Lilium impact and endurance test campaign at the SKF Valence Aerospace Test Centre in France, as well as run risk mitigating specific tests on the electric motor bearings.

Martin Schuebel, SVP Procurement Operations at Lilium Jet, says: "We've been impressed with the development progress made in cooperation with SKF on this important component of our revolutionary electric jet engine. We chose SKF based on their ability to provide quality and safe components. The agreement is fully aligned with our supply chain strategy, which is founded on strong partnerships with established Tier 1 aerospace companies."

For more information on the Lilium aircraft, please visit: https://lilium.com/

* Source: Acumen Research and Consulting

CONTACT: 

Press Relations: Nia Moustou, +46 31-337 2897; +46 706 67 28 97; nia.moustou@skf.com

The following files are available for download:

https://mb.cision.com/Main/637/3791547/2144573.pdf

230621_SKF announces electric aviation agreement with Lilium

https://news.cision.com/skf/i/lilium-shuttle-sideupclose-quicksilver,c3192609

Lilium Shuttle SideUpClose Quicksilver

https://news.cision.com/skf/i/lilium-showjet-photo-03,c3192610

Lilium Showjet Photo 03

https://news.cision.com/skf/i/lilium-pioneeredition-topdown,c3192611

Lilium PioneerEdition TopDown

https://news.cision.com/skf/i/lilium-shuttle-flyover-01,c3192612

Lilium Shuttle Flyover 01

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/skf-announces-electric-aviation-agreement-with-lilium-301856868.html

Copyright 2023 PR Newswire

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