Magellan Aerospace secures multi-year contracts with GKN Aerospace

Magellan Aerospace announced an agreement today between Magellan Aerospace (UK) Ltd and GKN Aerospace for a contract extension to deliver precision aluminium and titanium components and assemblies to GKN Aerospace's Filton facility where complex wing structures are manufactured and assembled for the A320, A330 and A380 aircraft programs. This contract extension is projected to generate revenues in excess of CDN $130 million through to December 2020 and the components and assemblies will be supplied from Magellan facilities located in the United Kingdom and Poland and its joint ventures in India.

Magellan was also awarded a new contract to supply A350 outboard flap precision machine details and assemblies. This new contract is projected to generate revenues of CDN $36 million to December 2020.

Mr. Phillip Underwood, President and CEO of Magellan said, "These long term contracts with GKN Aerospace demonstrate the strength of our commitment to supporting our customer's major programs. The long-term nature of the contract allows us to align infrastructure investments in both our domestic and emerging market operations to ensure that we are able to offer our customer a comprehensive and reliable source into the next decade."

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.