Naval contracts and technology developments on display at CANSEC 2019

On the same subject

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  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 http://magellan.aero/investors/press-releases/

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  March 7, 2022 | Local, Aerospace

  MDA to Build 17 Satellites to Enhance Globalstar's LEO Constellation

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  December 3, 2019 | Local, Aerospace, Other Defence

  CAE launches new virtual reality trainer

  By: Valerie Insinna WASHINGTON — As the U.S. Air Force looks increasingly toward virtual reality for speeding up and cutting the cost of pilot training, Canadian defense firm CAE is stepping forward with own courseware and virtual reality system with the hopes of attracting interest from the U.S. and international militaries. CAE will debut its CAE TRAX Academy curriculum and Sprint Virtual Reality trainer this week at the Interservice/Industry, Training, Simulation and Education Conference. Throughout the show, the company plans to conduct T-6 flight demonstrations using both products. CAE was inspired by the U.S. Air Force's Pilot Training Next program, which uses virtual reality and other cutting-edge simulation technologies to immerse new pilots in flight training, allowing airment to move more quickly and effectively through training. But CAE is hoping to build on the principles of Pilot Training Next and package it to be purchased by the U.S. Air Force and international militaries, said Phillipe Perey, the head of technology for CAE's defense business. “With Pilot Training Next, everyone is looking with big eyes saying, ‘Wow, oh wow,' but [some generals] are sort of like, ‘Would you really embrace this and do that for your entire air force?'” he said. “So perhaps this is a way of taking the great mission of Pilot Training Next and bringing into that environment with many of the key capabilities that customers have been used to, [such as] true aircraft simulation and many other aspects like a force-feedback stick.” All of the Sprint virtual reality trainer's hardware — including the Varjo VR-2 headset — are commercial off-the-shelf products and can be modified or swapped with a different device to meet the customer's needs. The real value, Perey said, is the software and courseware of TRAXX Academy, in which students progress from mobile apps and VR trainers to a higher fidelity flight simulator. “I think it really drives efficiencies at two levels. One, it reduces costs because the students in there are able to progress at their own pace. Them being alpha personalities; they don't want to be average. They want to be top of class, and they will see how other students are performing and they will be able to pick up their pace,” he said, adding that a six month class could take four months or less to complete if students are driven to complete the coursework. Secondly, the use of self-paced tools and virtual instructors decreases the need for human instructors that could be filling other needed functions within an air force, Perey said. In developing the Sprint VR trainer, CAE started with same kit as used in the Pilot Training Next program, and tweaked it to create “a better self-paced learning environment," he said. CAE made a number of adjustments: Using the same software on the virtual reality trainer as the full flight simulator, substituting a joystick that better simulates G forces, and adding haptics so that pilots can feel vibration or other sensory feedback that they would normally expect while operating the aircraft. Perey said CAE is looking forward to briefing the U.S. Air Force on TRAXX Academy and the Sprint VR trainer during I/ITSEC and getting officials' feedback. “That's really the priority now in the next coming months, is to build out these devices, get them in the customer's hands, get their feedback and develop a solution that is tailored to their particular training needs,” he said. https://www.defensenews.com/digital-show-dailies/itsec/2019/12/02/cae-launches-new-virtual-reality-trainer