19 février 2019 | International, Aérospatial
BANGALORE, India, Feb. 19, 2019 /CNW/ - Magellan Aerospace Corporation ("Magellan") announced today, the opening of the company's manufacturing and assembly facility in India. The new 100,000 square foot Magellan Aerospace (India) Pvt. Ltd. facility, constructed on seven acres in Hitech Defence and Aerospace Park (Aerospace SEZ Sector) in Devanahalli, near the Bangalore International Airport, was completed at the end of 2018 and the process of installing and commissioning the high speed machining centres is underway.
Magellan's new cellular machining and assembly plant will specialize in high speed milling and turning of aerostructure and aeroengine components produced from both aluminium and hard metal materials. Combined with comprehensive processing and hard metal machining capabilities from Magellan's two longstanding joint ventures in India, API Surface Treatments and Triveni Aeronautics Pvt. Ltd., Magellan is one of the largest suppliers of 'Make in India' manufactured commercial aircraft components today.
Magellan established a presence in India's aerospace sector more than a decade ago and has continued to invest and grow their footprint. The plant will create up to 120 high technology and support positions, and will be equipped with a comprehensive range of high speed 4/5-axis machining centres, selected to optimise manufacturing, competitiveness and efficiency. The completion of Magellan Aerospace (India) in 2018 marked the close of phase one of a two-phase construction plan that will see the facility grow to 140,000 square feet in the future.
Mr. Haydn Martin, Vice President, Business Development, Marketing and Contracts, Magellan Aerospace said, "Magellan is excited to officially launch this important new venture in India at the Aero India 2019 show". "This new facility, coupled with Magellan's extensive machining operations in Europeand North America offer an exceptional and full range of solutions for our customers in meeting their operational and value 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 defence 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.
SOURCE Magellan Aerospace Corporation
11 mars 2022 | International, Naval
A federal spending package would give the Navy a significant boost in funding for ships and aircraft, after lawmakers were largely underwhelmed by the service's budget request last spring.
6 janvier 2024 | International, Terrestre
BAE Systems will work with its supply chain in the UK and the US to produce the major M777 titanium structures, which form the basis of the gun
23 janvier 2020 | International, Naval
By: Vivek Raghuvanshi NEW DELHI — India on Tuesday announced the selection of domestic and foreign defense companies for the construction of six diesel-electric submarines with air-independent propulsion technology as part of an effort worth more than $7 billion. The submarines will be manufactured in India under the Navy's P75I program and guided by the Ministry of Defence's Strategic Partnership model, which aims to build indigenous capabilities, a senior ministry official told Defense News. Two domestic shipyards companies — state-owned Mazagon Dock Shipbuilders Limited and private sector firm Larsen & Toubro — were shortlisted to collaborate with five overseas original equipment manufacturers — Rubin Design Bureau of Russia, Naval Group of France, Navantia of Spain, ThyssenKrupp Marine Systems of Germany, and Daewoo Shipbuilding & Marine Engineering of South Korea. “The defence acquisition council approved the shortlisting of Indian strategic partners and potential original equipment manufacturers (OEMs) who would collaborate to construct six conventional submarines in India,” the MoD said in a statement. An expression of interest was issued in June 2019 to four domestic companies: Mazagon; Larsen & Toubro; Reliance Naval and Engineering Limited; and a consortium of Hindustan Shipyard Limited and Adani Defence. An internal MoD committee rejected the Hindustan-Adani Defence bid because it did not meet eligibility requirements, and the ministry noted that Reliance Naval and Engineering did not meet financial requirements. A separate, restricted expression of interest was issued in July 2019 to the five foreign OEMs as well as Saab of Sweden. Saab chose not to participate in the program, citing lack of clarity. For the P75I program, the Rubin Design Bureau is offering the Amur 1650 submarine; France is offering the Scorpene 2000; Navantia has offered the S-80-class sub; TKMS offered its HDW class 214; and Daewoo is offering its KSS-III. The MoD official said submissions were accepted in September and selection done early this month. A senior Indian Navy official said the OEMs must provide full technology transfer of critical systems of the submarines such as air-independent propulsion technology, sensors, and communication and electronic warfare suites. They must also help establish a domestic supply chain for spare parts and material as well as assist in training the local labor force, the official added. The OEMs are free to set up joint ventures or equity partnerships, or make royalty arrangements with Indian prime partners and other domestic suppliers. Another MoD official said a request for proposals will be issued to two shortlisted Indian companies who will set up a technical partnership with one of the five shortlisted OEMs and submit both financial and technical bids by the end of 2020. Thereafter, the technical and financial bids will be evaluated, with final selection expected in mid-2022. The selection will be made based on the lowest price offered, he added. Under the P75I program, the submarines must be made up of 65 percent indigenous material. The MoD said any contract between an Indian strategic partner and a foreign OEM must include provisions for the protection of classified information. In addition, the shortlisted OEMs must confirm their willingness to cooperate with the selected Indian company, including life-cycle support and transfer of technology. https://www.defensenews.com/industry/2020/01/22/india-makes-initial-bid-selections-for-7-billion-submarine-project/