Magellan Aerospace Secures Contracts for Engine Front Frames and Shafts
Toronto, Ontario – 29 April 2019 — Magellan Aerospace Corporation (“Magellan”) announced agreements today with an undisclosed customer for the supply of complex fabricated engine front frames for a commercial platform, to be manufactured at Magellan’s facility in Winnipeg, Manitoba, Canada, and critical rotating engine shafts for a dual use platform, to be manufactured at Magellan’s facility in Haverhill, Massachusetts, USA. These contracts are valued at approximately CDN $45 million and will be delivered starting in 2019 through 2022.
Magellan has made significant investments in manufacturing technology and personnel at its facilities enhancing our ability to compete in a global market. In securing these agreements, Magellan has demonstrated the ability to meet the competitive demands of cost, quality and performance expected by the aerospace markets.
Haydn Martin, Vice President, Business Development, Marketing and Contracts for Magellan said, “This competitively won business speaks to the reputation that Magellan has built in the aerospace industry. The confidence that OEM customers have placed in Magellan is significant and demonstrates our capability to offer our customers a technologically advanced and reliable solution.”
About Magellan Aerospace Corporation
Magellan Aerospace Corporation is a global aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defense and space agencies worldwide. Magellan designs and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced proprietary products for military and space markets, and provides engine and component repair and overhaul services worldwide. Magellan is a public company whose shares trade on the Toronto Stock Exchange (TSX: MAL), with operating units throughout North America, Europe, and India.
Forward Looking Statements
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Director, Corporate Communications
Ph. 204 788 2831