TORONTO, May 22, 2018 /CNW/ - Magellan Aerospace
("Magellan") announced today the signing of an agreement with
Hamilton Sundstrand Corporation, a UTC Aerospace Systems Company
("Hamilton Sundstrand"), to manufacture complex magnesium and
aluminium castings for various military and commercial aerospace
platforms. The castings will be produced by Magellan's
facilities in Haley, Ontario and
Glendale, Arizona.
This new long-term agreement with Hamilton Sundstrand provides
the framework for a new level of strategic alignment with Magellan;
in addition to the F-15, F-16, and F-18 for Hamilton Sundstrand's
current fighter engine platforms, the agreement also encompasses
the production of castings to support the JSF, PW1100, A320, 787
and 777 programs.
Magellan is a world leader in the development and production of
aerospace components with centres of excellence in sand cast
processes and shaft manufacturing. Magellan has invested in
innovative and transformative casting technologies such as
robotics, 3D sand printing and automated pouring to achieve the
highest standard of product and performance while remaining cost
competitive.
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
