October 26, 2023 | Local, Land, Security
Russia and China at war with Canada, says Gen. Wayne Eyre
Canadian Forces considers China and Russia the country’s main threats – climate change barely acknowledged in new document
November 7, 2018 | Local, Aerospace
Magellan Awarded CDN $140 Million Contract Extension with Airbus
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
On the same subject
-
-
March 7, 2018 | Local, Aerospace
Shimco named Tier 1 supplier for Airbus Defence and Space
CAMBRIDGE, Ontario March 6, 2018 – Shimco, an award-winning, world-wide leader in the manufacture of precision parts and gap-management solutions was recently named a Tier 1 supplier by Airbus Defence and Space. Monica Santos Souza, Sales Representative for Shimco in Brazil led the in-depth application and evaluation process. “This procurement approval as a tier 1 supplier from Airbus, an esteemed industry OEM, is a significant recognition for Shimco,” said Peter Voss, President and CEO of Shimco. “A screening process with the Airbus Defence and Space quality team led by Shimco's Monica Santos Souza with her established Airbus contacts, involved a detailed review of our products, processes, equipment and quality systems in addition to our proven operational integrity and commitment to innovation. Being part of the Airbus supplier network further elevates our supply chain presence in Brazil and world-wide.” Airbus is a global leader in aeronautics, space and related services. In 2017 it generated revenues of €67 billion and employed a workforce of around 129,000. Airbus offers the most comprehensive range of passenger airliners from 100 to more than 600 seats. Airbus is also a European leader providing tanker, combat, transport and mission aircraft, as well as one of the world's leading space companies. In helicopters, Airbus provides one of the most efficient civil and military rotorcraft solutions worldwide. In addition to Airbus Defence and Space, Shimco has Tier 1 supplier approvals from such aerospace companies as Bombardier, Embraer and Bell Helicopter, as well as Tier 2 and 3 approvals from Heroux-Devtek, Safran, Asco, Sonaca, UTAS Landing Systems, Wesco Aircraft, Sumitomo Precision Products, Kawasaki Heavy Industries, Triumph Group and Mitsubishi Heavy Industries. Shimco also provides small precision formed or machined parts (coated or uncoated), laminated, edgebonded and tapered shims and spacers to over 200 other aerospace companies around the world. http://shimco.com/shimco-named-tier-1-supplier-airbus-defence-space/
-
May 29, 2023 | Local, Other Defence
Defence Minister Anita Anand to visit Singapore to advance Indo-Pacific security
May 29, 2023 – Ottawa, Ontario – National Defence / Canadian Armed Forces The Honourable Anita Anand, Minister of National Defence, will travel to Singapore from June 2-3, 2023, to advance Canada’s defence relationships with allies and partners in the Indo-Pacific region. Minister Anand will be joined by General Wayne Eyre, Chief of the Defence Staff. During her trip, Minister Anand will attend the Shangri-La Dialogue – the premier annual conference on Indo-Pacific security that brings together defence ministers, senior officials, and defence experts from more than 50 countries. In Singapore, Minister Anand, General Eyre, and National Defence officials will meet with counterparts from countries in the region and around the world, to discuss how Canada’s Indo-Pacific Strategy is advancing a free, open, and inclusive Indo-Pacific Region. June 3, 2023 -- 9:30 am (Singapore Time) - Minister Anand will deliver plenary remarks during a session entitled Building a Stable and Balanced Asia-Pacific. Open to media. Media should contact press@iiss.org https://www.canada.ca/en/department-national-defence/news/2023/05/defence-minister-anita-anand-to-visit-singapore-to-advance-indo-pacific-security.html