Magellan Aerospace Announces New Aeroengine Manufacturing Contract
TORONTO, April 12 /CNW/ – Magellan Aerospace Corporation announced today
that it has won a multi-million dollar contract for the manufacture of CF34
engine fan frames for General Electric Aircraft Engines. The fan frames are
for the new 8D/E variant engine that has forecasted deliveries through 2010.
The estimated value of the new contract is $(Cdn) 49 million dollars with all
options exercised. Magellan’s Bristol Aerospace operating division will
perform the work, with deliveries commencing later this year.
Bristol Aerospace is currently under contract for the manufacture of the
CF34 fan frames for the current CF34-8/C variant engine. The popular CF34
engines helped launch today’s fast-growing regional jet market. They are the
engines of choice for virtually every aircraft in their thrust classes,
including the Bombardier CRJ200 and CRJ700 regional jets, and Bombardier
Challenger business jets. The new CF34-8D/E engine will power the Embraer
ERJ170 regional jet and other aircraft, with a forecasted requirement for 1000
engines through 2010.
Magellan Aerospace Corporation is one of the world’s most integrated and
comprehensive aerospace industry suppliers. Magellan designs, engineers, and
manufactures aeroengine and aerostructure components for aerospace markets,
advanced products for military and space markets, and complementary specialty
products. Magellan is a public company whose shares trade on the Toronto Stock
Exchange (MAL), with operating units throughout the United States and Canada.
For further information: William A. Matthews, Vice President Marketing,
Tel: (905) 677-1889 ext. 222, Fax: (905) 677-5658, www.magellanaerospace.com/