07/19/2013 11:18 EDT | Updated 09/18/2013 05:12 EDT

Bombardier to renew deal with Sonaca Montreal for aircraft wing panels

MONTREAL - Bombardier Aerospace has agreed to renew all of Sonaca Montreal's contracts for the manufacture of wing panels for 2014-2018.

Financial terms of the letter of intent were not immediately available.

Sonaca Montreal, a subsidiary of Belgian group Sonaca SA, has supplied wing panels for Bombardier's regional and business aircraft since 2003.

"We wish to renew our contracts with Bombardier Aerospace to confirm our position as a world leader in the integration of manufacturing large aluminum aircraft structures," Sonaca Montreal chief executive Philippe Hoste said Friday.

Sonaca Montreal employs more than 310 people in Mirabel, Que.