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Nexans signs $480m in deals to supply cable to Airbus, BP

March 28, 2014 - 15:42 GMT Location: London

KEYWORDS: Nexans , supply deals , Airbus , BP , restructuring , copper cable

Nexans has signed two long-term deals worth a combined total of €350 million ($480 million) to supply Airbus and BP with high-spec copper cable to power aeroplanes and oil platforms.

As part of a ten-year frame agreement with BP, Nexans has signed a €100 million contract to supply direct electrical heating cable for use in the Shah Deniz oil field in the Caspian Sea, it announced on Friday March 28. The deal will involve the sale of about 130km of cable to BP, with...

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