TORONTO, April 30, 2018 /CNW/ - 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.
SOURCE Magellan Aerospace Corporation
