TORONTO - Magellan Aerospace ("Magellan") announced today that it has been awarded a follow on contract to provide nose and main landing gear components and kitted assemblies to Messier-Bugatti-Dowty ("MBD") for major commercial aircraft customers. Magellan has produced these complex machined components for MBD since 2009. The parts are manufactured in Magellan's divisions in New York, New York and Kitchener, Ontario, which are Magellan centres of excellence for high velocity, hard metal machining and kitting. This USD $80 million program extends for the period of 2017 through 2021.
Mr. Phil Underwood, President and CEO of Magellan noted the strategic importance of this enduring relationship with MBD. "Magellan is able to offer Messier-Bugatti-Dowty an integrated solution that includes both manufacturing expertise and global supply chain management. Their continued confidence in Magellan to support this program demonstrates that our approach provides a cost competitive and quality solution they can depend on to support their key customer", he stated.
About Magellan Aerospace
Magellan Aerospace is a global, integrated aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defense and space agencies worldwide. Magellan designs, engineers, and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced products for military and space markets, industrial power generation, and specialty products. Magellan is a public company whose shares trade on the Toronto Stock Exchange (TSX: MAL), with operating units throughout Canada, the United States, the United Kingdom, India, and Poland.
SOURCE Magellan Aerospace Corporation
CONTACT: Mr. Daniel Zanatta, Vice President, Business Development, Marketing and Contracts, Ph. +1 905 677 1889 x300
Web Site: http://www.magellanaerospace.com