7 novembre 2018 | Local, Aérospatial

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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  • Maxar Technologies' MDA to advance innovative technologies under the Defence Innovation Research Program

    17 décembre 2018 | Local, Aérospatial, C4ISR

    Maxar Technologies' MDA to advance innovative technologies under the Defence Innovation Research Program

    RICHMOND, BC, Dec. 14, 2018 /CNW/ - MDA, a Maxar Technologies company (NYSE: MAXR) (TSX: MAXR), today announced it was awarded four contracts under the Defence Innovation Research Program (DIRP) with a combined total value of CA$3.8 million. The DIRP supports Canada's long-term commitment to respond to the scientific and technological needs of the Department of National Defence and Canadian Armed Forces. The objective of this latest DIRP initiative is to help to define the technologies and capabilities for future follow-on RADARSAT Constellation Mission (RCM) spacecraft and ground segment exploitation systems. MDA's projects include: Augmenting Canada's Maritime Surveillance Capability with Complementary EO/IR Information Products: MDA will advance how optical satellite data and hyperspectral imagery complements Synthetic Aperture Radar (SAR) data in strategic maritime and coastal surveillance applications. Improving Canada's ability to identify and classify vessels and monitor port and other littoral vessel traffic activities by providing timely information to relevant agencies for threat assessment and action. Persistent Multi-Sensor Land Surveillance and Change Monitoring: MDA seeks to leverage the complementarity of Optical and SAR satellite image stacks to better identify and monitor changes over large areas of land. The expected benefits include more persistent and operational all-weather monitoring capabilities and very high change classification accuracy. To achieve these benefits the project will leverage new technologies such as Deep Learning and exploit the availability of large satellite image archives. The applications are far ranging and are expected to provide actionable intelligence to DND as well as to civil agencies. SAR Big Data Analytics: Petabytes of information-rich RADARSAT data exists in archives. MDA seeks to understand and demonstrate how big data analytics, Deep Learning in particular, can be applied to large archives of SAR imagery to better extract meaningful geospatial information to support actionable decision-making. Complementary EO/IR Payload to RCM: Working with Canadian industry partners, MDA explores the technical readiness and mission value of using Electro-Optical Infrared sensors to strengthen the value of the RADARSAT Constellation Mission follow-on for the surveillance of land, maritime and defence applications at a global scale. By combining, SAR and Electro-Optical Infrared sensors Canada is able to leverage the weather independent observation capabilities of SAR with finer feature discrimination of thermal, hyperspectral, or multispectral sensing for improved day and night global surveillance. "These awards are an exciting opportunity for MDA to explore new synergies of combining Synthetic Aperture Radar with innovative technologies such as optical sensors and Deep Learning," said Mike Greenley, group president of MDA. "The research programs have recently commenced and will continue over the next two years." About MDA MDA is an internationally recognized leader in space robotics, space sensors, satellite payloads, antennas and subsystems, surveillance and intelligence systems, defence and maritime systems, and geospatial radar imagery. MDA's extensive space expertise and heritage translates into mission-critical defence and commercial applications that include multi-platform command, control and surveillance systems, aeronautical information systems, land administration systems and terrestrial robotics. MDA is also a leading supplier of actionable mission-critical information and insights derived from multiple data sources. Founded in 1969, MDA is recognized as one of Canada's most successful technology ventures with locations in Richmond, Ottawa, Brampton, Montreal, Halifax and the United Kingdom. MDA is a Maxar Technologies company (TSX: MAXR; NYSE: MAXR). For more information, visit www.mdacorporation.com. About Maxar Technologies As a global leader of advanced space technology solutions, Maxar Technologies (formerly MacDonald, Dettwiler and Associates) is at the nexus of the new space economy, developing and sustaining the infrastructure and delivering the information, services, systems that unlock the promise of space for commercial and government markets. As a trusted partner, Maxar Technologies provides vertically integrated capabilities and expertise including satellites, Earth imagery, robotics, geospatial data and analytics to help customers anticipate and address their most complex mission-critical challenges with confidence. With more than 6,500 employees in over 30 global locations, the Maxar Technologies portfolio of commercial space brands includes MDA, SSL, DigitalGlobe and Radiant Solutions. Every day, billions of people rely on Maxar to communicate, share information and data, and deliver insights that Build a Better World. Maxar trades on the Toronto Stock Exchange and New York Stock Exchange as MAXR. For more information, visit www.maxar.com. Forward-Looking Statements Certain statements and other information included in this release constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") under applicable securities laws. Statements including words such as "may", "will", "could", "should", "would", "plan", "potential", "intend", "anticipate", "believe", "estimate" or "expect" and other words, terms and phrases of similar meaning are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks and uncertainties, as well as other statements referring to or including forward-looking information included in this release. Forward-looking statements are subject to various risks and uncertainties which could cause actual results to differ materially from the anticipated results or expectations expressed in this release. As a result, although management of the Company believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. The risks that could cause actual results to differ materially from current expectations include, but are not limited to, the risk factors and other disclosures about the Company and its business included in the Company's continuous disclosure materials filed from time to time with Canadian and U.S. securities regulatory authorities, which are available online under the Company's SEDAR profile at www.sedar.com, under the Company's EDGAR profile at www.sec.gov or on the Company's website at www.maxar.com. The forward-looking statements contained in this release are expressly qualified in their entirety by the foregoing cautionary statements. All such forward-looking statements are based upon data available as of the date of this release or other specified date and speak only as of such date. The Company disclaims any intention or obligation to update or revise any forward-looking statements in this release as a result of new information or future events, except as may be required under applicable securities legislation. Contact Wendy Keyzer | MDA Media Contact | 1-604-231-2743 | wendy.keyzer@mdacorporation.com Jason Gursky | Maxar Investor Relations | 1-303-684-2207 | jason.gursky@maxar.com SOURCE Maxar Technologies Ltd. https://www.newswire.ca/news-releases/maxar-technologies-mda-to-advance-innovative-technologies-under-the-defence-innovation-research-program-702794292.html

  • Matt Gurney: Supporting local industry shouldn't be the first consideration in military procurement

    17 décembre 2020 | Local, Aérospatial, Naval, Terrestre, C4ISR, Sécurité

    Matt Gurney: Supporting local industry shouldn't be the first consideration in military procurement

    Rather than worrying about where things are built, a better question is: will Canadian soldiers be properly equipped? That's all that matters Matt Gurney Dec 16, 2020 • Last Updated 22 hours ago • 5 minute read It is almost a truism in Canadian public policy: We are terrible at military procurement. You hear that often. I've said it often. But it really isn't true. We only think we're terrible at military procurement because we are confused about what we're trying to do. Our military procurements are not about actually procuring equipment for the military. They're about creating jobs and catapulting huge sums of money into key ridings across the country. Once you shift your perspective and look at it that way, you realize very quickly that our military procurement system is amazing. It bats a thousand. The problem isn't with the system. We've just labelled it badly. If it were called the Domestic Defence Industry Subsidy Program instead of our military procurement system, we'd all be hailing it as a shining example of a Canadian public policy triumph. This is terrible. It has cost us the lives of our soldiers, and probably will again. But it's undeniable. Canadian politicians, Liberals and Conservatives alike, have long had the luxury of seeing defence as a cash pool, not a solemn obligation. And they sure have enjoyed that pleasure. Two recent stories by my colleague David Pugliese for the Ottawa Citizen have explored this theme: Our efforts to replace our fleet of frigates with 15 newer, more powerful ships is turning predictably complicated. The 15 new combat ships are part of a major overhaul of the Canadian fleet, which was neglected for many years and now must be modernized all at once. In February of 2019, the government chose American defence giant Lockheed Martin to produce the ships in Canada, using a British design. (How Anglosphere of us.) Companies that weren't selected to be part of the construction or fitting out of the ships are unhappy, Pugliese noted, and aren't bothering to hide it, even though they've abandoned their legal challenges. The sniping has continued, though, with spurned industry figures talking to the media about problems with the program. Jody Thomas, deputy minister of the Department of National Defence, reportedly told industry leaders to knock it off. “There's too much noise,” she reportedly said, adding that it was making the job of getting the new fleet built “very difficult.” Some of Thomas's irritation is undoubtedly the automatic hostility to scrutiny, transparency and accountability that's far too common for Canadian officials — our bureaucrats are notoriously prone to trying to keep stuff tucked neatly out of public view. But some of what Thomas said is absolutely bang-on accurate: Defence industry companies know full well that the government mainly views military procurement as a jobs-creation program, so are understandably put out to not get what they think is their fair share. Some Canadian companies have designed and developed critical communication and sensor gear for modern warships, Pugliese noted. This gear was developed with taxpayer assistance and has proven successful in service with allied fleets, but was not chosen for the new Canadian ships. And this is, the companies believe, a problem. Why aren't Canadian ships using Canadian-made gear? It's a good question, until you think about it for a moment. Then you realize that the better question is this: will the Canadian ships be properly equipped? That's it. That's all that matters. Will the new ships be capable of doing the things we need them to do? If yes, then who cares where we got the gear? And if no, well, again — then who cares where we got the gear? The important thing isn't where the comm equipment and sensors were designed and built. It's that the systems work when our ships are heading into harm's way. Assuming we have many viable options to choose from, then there are plenty of good ways of making the choice — cost, proven reliability, familiarity to Canadian crews, and, sure, even whether it was made in Canada. But supporting the local industry needs to be the last thing on the list. This stuff is essential. The lives of our sailors may depend on it working when needed. Cost matters, too, of course, because if the gear is too pricey, we won't have enough of it, but effectiveness and reliability are first. Treating military procurement as just another federal jobs-creation program is engrained in our national thinking But we talk about them last. Because we value it least. There probably is some value in preserving our ability to produce some essential military equipment here in Canada. The scramble earlier this year to equip our frontline medical workers with personal protective equipment is instructive. In a war, whether against a virus or a human enemy, you can't count on just buying your N-95 masks, or your torpedoes and missiles, from your normal suppliers. Unless Canada somehow gets itself into a shooting war without any of our allies in our corner, any time we are suddenly scrambling to arm up, our much larger allies are probably also scrambling to arm up, and they'll simply outbid us. (See again our current efforts to procure vaccines for an example of this unfolding in real time.) But we aren't at war now, and we can buy the damn ships from anyone. To the government's credit, it seems to be doing this; the pushback against the program seems mostly rooted in the government's decision to let the U.S.-British consortium chosen to build the new ships equip them as they see fit. The program may well derail at some point — this is always a safe bet with Canadian shipbuilding — but insofar as at least this part of the process goes, we're doing it partially right. Yes, we're insisting on building the ships here, but we aren't getting picky about the equipment that goes into them. That's probably wise. But that's about as far as the wisdom goes. Treating military procurement as just another federal jobs-creation program is engrained in our national thinking. It would have been good if COVID had knocked a bit of sense into us and forced us to, at long last, grow up a bit. But no dice. Oh well. Maybe next time. https://nationalpost.com/opinion/matt-gurney-supporting-local-industry-shouldnt-be-the-first-consideration-in-military-procurement

  • Lifetime cost of military's Cyclone choppers set to soar past $14B, government document reveals | CBC News

    21 janvier 2024 | Local, Aérospatial

    Lifetime cost of military's Cyclone choppers set to soar past $14B, government document reveals | CBC News

    The lifetime cost of buying, owning and operating the air force's troubled CH-148 Cyclones is now expected to top $14.87 billion, according to leaked internal Department of National Defence briefing documents obtained by CBC News.

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