TORONTO, Oct. 5, 2015 /CNW/ - 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.
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.
SOURCE Magellan Aerospace Corporation
