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Distribution Agreement with Boeing Distribution

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LPA Group plc has announced a new distribution agreement with Boeing Distribution to expand its aviation product portfolio within the global general aviation market, a move expected to enhance scalability and global reach for its aviation business. This strategic partnership, following the 2024 acquisition of Red Box Aviation, is anticipated to generate an initial stocking order of approximately £0.5 million in the second half of the current year, validating the market demand for LPA's solutions and supporting its growth ambitions.

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LPA Group plc, the innovation-led engineering company that designs and manufactures electronic and electro‑mechanical components and systems, is pleased to announce a new distribution agreement with Boeing Distribution.

Boeing Distribution will leverage its established global network to distribute LPA Red Box Aviation's product portfolio across the global general aviation market.

This agreement represents a significant milestone in LPA's aviation market strategy and provides enhanced scalability for the Group's general aviation business. It is a testament to the start of a strategic relationship between Boeing Distribution and LPA Group.

Building on the strategic decision to diversify from LPA's Rail market focus with the acquisition of Red Box Aviation in 2024, this agreement supports LPA's market growth strategy by strengthening our sales channels in key market segments and achieving further global reach.

As a result of this agreement, an initial stocking order of approximately £0.5 million is expected in the second half of this calendar year.

Philo Daniel-Tran, Chief Executive Officer, commented: "We are pleased to announce the signing of a new distribution agreement with Boeing Distribution which provide us with an excellent opportunity to further scale up our aviation business. Boeing Distribution's developed network and established global operations will enhance our ability to serve the general aviation market. This agreement further validates the quality and market demand for LPA product solutions and supports our growth ambitions in one of our key market sectors."

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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