Magellan Secures Multiple Contracts from Boeing
Toronto, Ontario – 30 April 2018 — Magellan Aerospace (“Magellan”) announced that a number of major contract extensions and new awards have been made by The Boeing Company to Magellan. Multi-year contract renewals were agreed to for the manufacture of titanium wing fittings for the Boeing 787 Dreamliner and the detail manufacture and assembly of the tanker door for the Boeing 767-2C aircraft. In addition, Magellan was also awarded a new multi-year contract to manufacture winglet components for the Boeing 737 MAX. The components and assemblies associated with these multiple contracts will be delivered from Magellan’s facilities in New York, New York and Middletown, Ohio.
Mr. Haydn Martin, Vice President New Business Development for Magellan remarked, “These awards reflect Magellan’s commitment to continue to provide value solutions to Boeing in meeting their market challenges. Magellan will continue to innovate and optimize its performance to meet the expectations of Boeing and our customer base.”
About Magellan Aerospace
Magellan Aerospace 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
Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. When used herein, words such as “expect”, “anticipate”, “estimate”, “may”, “will”, “should”, “intend”, “believe”, and similar expressions, are intended to identify forward-looking statements. Forward-looking statements are based on estimates and assumptions made by the Corporation in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Corporation believes are appropriate in the circumstances. Many factors could cause the Corporation’s actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including those described in the “Risk Factors” section of the Corporation’s Annual Information Form (copies of which filings may be obtained at www.sedar.com). These factors should be considered carefully, and readers should not place undue reliance on the Corporation’s forward-looking statements. The Corporation has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Mr. Daniel Zanatta
Vice President, Business Development,
Marketing and Contracts
Ph. +1 905 677 1889 x300
Mr. Haydn Martin
Vice President, New Business
Ph. +44 1 202 512 405