November 7, 2018 | Local, Aerospace
Toronto, Ontario – 5 November 2018 -- Magellan Aerospace Corporation (“Magellan”) announced today, that they have secured a six year agreement with Airbus for a contract extension for the manufacture of A350 XWB centre wing box and keel beam detail parts. It is estimated that revenue generated from this work package will exceed CDN $140 million dollars over the term of the contract. The package consists of a number of large structural, machined components, and will be manufactured by Magellan in the United Kingdom and supplied to the Airbus assembly facility in Nantes, France.
Mr Haydn Martin, Magellan's Vice President, New Business Development said, “This contract extension has been achieved through a combination of demonstrated operational excellence and market competitive pricing. As a strategic partner to the Airbus Group, Magellan continues to align our technology investments and manufacturing best practices to meet their current and future requirements.
About Magellan Aerospace Corporation
Magellan Aerospace Corporation 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.
For information: Laura Podaima Director, Corporate Communications Magellan Aerospace Ph. 204 788 2831 laura.podaima@magellan.aero
September 17, 2024 | Local, Land
A plan to rebuild and modernize two dozen decommissioned Canadian light armoured vehicles for donation to Ukraine is stuck in bureaucratic limbo more than nine months after the defence department handed the vehicles over to an Ontario company that specializes in restoration, CBC News has learned.
June 7, 2019 | Local, Aerospace
Four years after successfully campaigning, in part, on a critique of the previous government's selection of a new fighter for the Royal Canadian Air Force (RCAF) without first holding a competition, Prime Minister Justin Trudeau's staff is finding out just how difficult the task can be. In an extended series of drafts released to industry since October, the Public Services and Procurement Canada (PSPC) agency has rewritten key provisions of the original solicitation, with ... https://aviationweek.com/defense/tweaked-terms-canada-future-fighter-help-f-35-and-rivals
January 30, 2019 | Local, C4ISR
Three contracts to enhance the Canadian Armed Forces' integrated IT systems OTTAWA, Jan. 30, 2019 /CNW/ - The Government of Canada is providing its women and men in uniform with the equipment they need to do their jobs and protect Canadians, while maximizing economic benefits to Canadians. Public Services and Procurement Canada, on behalf of National Defence, has awarded three contracts, with a combined value of $621.5 million, to General Dynamics Mission Systems–Canada. The contracts will provide support over five years for the Land Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (LC4ISR) system. The Canadian Army depends on these communications and information systems to inform and direct land operations. This includes: Cyber Security Engineering Support: contract valued at up to $56.5 million to support the protection of data information systems from theft and damage to the information they contain Engineering and Integration Support: contract valued at up to $367.25 million to fully integrate the LC4ISR system Transition Software Support: contract valued at up to $197.75 million to provide software support that helps integrate various data points, such as GPS-based position reporting, into a single system to allow for timely and informed decision-making The three contracts combined will help sustain approximately 494 highly skilled jobs in Ottawa, Ontario, and Calgary, Alberta. Quotes "These contracts are yet another example of how our government is building a more agile, better-equipped military, while providing meaningful economic opportunities for Canadian businesses. The Canadian Armed Forces carry out important missions on behalf of all Canadians and require the latest technologies to better understand their operating environment and to detect incoming threats." The Honourable Carla Qualtrough Minister of Public Services and Procurement and Accessibility "Through our defence policy, Strong, Secure, Engaged, we are ensuring that our women and men in uniform are well equipped to do the important work we ask of them. The LC4ISR system is a foundational component by which Canadian Army troops stay in touch with each other, our allies and headquarters. These contracts are about ensuring the Canadian Army has what it needs to successfully carry out operations both now and into the future." The Honourable Harjit S. Sajjan Minister of National Defence "These defence contracts will bring highly skilled jobs and foster economic benefits to Canadians while supporting the operations of the Canadian Army. These investments exemplify our commitment to deliver on the vital goals set out in Strong, Secure, Engaged." Chandra Arya Member of Parliament for Nepean "Our government is ensuring that Canadians have the support they need to access highly skilled jobs and to benefit from a prosperous economy. These contracts will enhance equipment for the Canadian Armed Forces, increase skills development and grow Key Industrial Capabilities in cyber resilience." The Honourable Navdeep Bains Minister of Innovation, Science and Economic Development Quick facts The Canadian Army's LC4ISR capability is a highly integrated tactical system comprised of interconnected networks of digital communications and information systems that primarily support the Land Forces in operations. These contracts were awarded through fair, open and transparent procurement processes. The Industrial and Technological Benefits Policy applies to these projects, creating jobs and supporting key industrial capabilities in Canada. Related products National Defence's Defence Capabilities Blueprint website Tender notice – LC4ISR – Cyber Security Engineering Support Tender notice – LC4ISR – Engineering and Integration Support Tender notice – LC4ISR – Transition Software Support Defence Procurement Strategy Investing in the Canadian Armed Forces Follow us on Twitter Follow us on Facebook SOURCE Public Services and Procurement Canada https://www.newswire.ca/news-releases/government-of-canada-announces-information-technology-investment-for-canada-s-military-816325030.html