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
July 7, 2024 | Local, Land
The Honourable Bill Blair, Minister of National Defence, will visit Washington, D.C., from July 8-11 to attend the North Atlantic Treaty Organization (NATO) Summit and participate in side events.-
March 29, 2019 | Local, C4ISR
The Government of Canada has recently awarded Rheinmetall Canada a major support contract pertaining to Intelligence, Surveillance, Target Acquisition, and Reconnaissance (ISTAR). The frame contract is currently worth up to CAD 57 million. The contract will take place over the next five years and will be expensed using a task mechanism over this period. The contract is part of the sustainment of the Land Command, Control, Communication, Computing, Intelligence, Surveillance and Reconnaissance (C4ISR) program and as the prime contractor, Rheinmetall Canada is to provide ISTAR in-service support services (ISS). “At Rheinmetall Canada, we are delighted to provide an important part of the ISTAR program” said Mr. Stéphane Oehrli, President and CEO of Rheinmetall Canada. “This contract represents a great opportunity to showcase our knowledge and capabilities in this high-end area of advanced technology”, he added. The ISTAR capabilities of the Rheinmetall Group are well established around the world. The goal of the ISTAR ISS contract is to provide the Canadian Armed Forces with an ISTAR Command and Control Information System (C2IS) capability. Rheinmetall Canada will maintain and enhance the specialized capability through the support contract. Rheinmetall Canada was selected under a competitive process where Value Proposition and the Industrial and Technological Benefit Policy (ITB) were applied. As one of the few companies to have reached over 1 billion dollars in ITB transactions since the inception of the policy, Rheinmetall Canada has put forward an outstanding Value Proposition. The Canadian supply chain of Rheinmetall Canada will benefit from this contract over the next years. About Rheinmetall Canada Rheinmetall Canada is a proud member of Germany's Rheinmetall Group, one of Europe's largest suppliers of systems and equipment for the armed forces. With approximately 300 employees at locations in Saint-Jean-sur-Richelieu and Ottawa, Rheinmetall Canada has demonstrated expertise in the development, integration, and production of platform-independent systems for more than 30 years. https://www.rheinmetall-defence.com/en/rheinmetall_defence/public_relations/news/latest_news/index_19712.php
September 19, 2018 | Local, Aerospace
By Canadian Press OTTAWA — The Royal Canadian Air Force is contending with a shortage of around 275 pilots and needs more mechanics, sensor operators and other trained personnel in the face of increasing demands at home and abroad. The Air Force says it is working to address the deficiencies and that they have not negatively impacted operations, but officials acknowledge the situation has added pressure on Canada's flying corps and represents a challenge for the foreseeable future. “Right now we're doing everything we can to make sure we recruit, train and retain enough personnel to do our current mission,” said Brig.-Gen. Eric Kenny, director general of air readiness. “In the next 20 years, it's going to be a challenge to grow the force at the rate that we would like.” The shortfall in pilots and mechanics was referenced in an internal report recently published by the Department of National Defence, which also flagged underspending on maintenance for bases and other infrastructure, as well as reductions in annual flying times thanks to Conservative-era budget cuts. Some of those issues have since started to be addressed by the Liberals through their new defence policy, but the personnel shortage remains an area of critical concern given the need for pilots and others to fly and maintain the military's various aircraft fleets at home and abroad. Those include the planes and helicopters involved in Canada's military missions in Iraq, Latvia, Mali, and Ukraine; domestic search-and-rescue aircraft; and the CF-18 fighter jets deployed in Romania and guarding against a foreign attack on North America. The Air Force is authorized to have 1,580 pilots, but Kenny said in an interview the Air Force is short by around 17 per cent — or about 275 pilots — along with similar shortfalls for navigators and sensor operators, who work onboard different types of aircraft, as well as mechanics. Kenny also acknowledged the threat of burnout as service members are forced to pick up the slack left by unfilled positions, and the added burden of promised new drones, fighter jets and other aircraft arriving in the coming years, which will require even more people to fly and maintain. Efforts to address the shortfalls have looked at retaining service members with tax breaks, additional support and services for family members to ease military life, and plans to free up experienced personnel by assigning administrative staff to do day-to-day tasks. Several initiatives have also been introduced to speed up recruitment and training, and attract older pilots back into the Forces, which has borne some fruit and aimed at buying time for officials to decide whether to change the length of time pilots and others are required to serve before they can leave. “This is beyond just looking at benefits,” Defence Minister Harjit Sajjan said Tuesday. “We're looking at a much more holistic approach in how we look after them.” But the current training system means the Air Force can only produce 115 new pilots each year, which commanders have said is insufficient to meet needs given the rate at which military pilots have moved on to commercial opportunities in recent years. Conservative defence critic James Bezan suggested one reason the military is losing pilots is because they are being asked to fly older planes, including CF-18 fighter jets that are close to 40 years old. “If pilots aren't getting new aircraft, why are they sticking around?” Bezan said. “And so, the idea of bringing in used fighter jets from Australia that are even in worse shape than the current CF-18s that we fly today, why would they stick around?” The Department of National Defence is drawing up plans for a new system that officials hope will be in place by 2021 and include the ability to expand or shrink the number of trainees in any year given the Air Force's needs. Kenny said the shortfalls will remain a challenge since the current system will remain in place for several more years — and because it takes four and eight years to train a pilot from scratch. “We know what capabilities we're receiving and now we can start working to make sure that we have personnel that are trained to be able to meet those requirements,” he said. “But I'm not going to lie: It's definitely a challenge.” https://ipolitics.ca/2018/09/18/canadian-air-force-short-275-pilots-as-attrition-outpaces-recruitment-training-2/