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  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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  1 octobre 2020 | Local, Naval, C4ISR, Autre défense

  Terrestrial Energy and L3Harris Technologies to Develop IMSR Generation IV Nuclear Power Plant Simulator

  GlobeNewswire OAKVILLE, Ontario and MONTREAL, Sept. 30, 2020 (GLOBE NEWSWIRE) — Terrestrial Energy has awarded L3Harris Technologies a contract to develop an engineering and operator training simulator for the Integral Molten Salt Reactor (IMSR®), a Generation IV nuclear power plant. The IMSR power plant simulator is being built at L3Harris' operation in Montreal, Quebec and will be delivered to Terrestrial Energy's Oakville, Ontario facility in 2021. It will provide Terrestrial Energy with a high-fidelity platform to simulate and visualize all major IMSR reactor and power plant functions. The simulator will support Terrestrial Energy's engineering activities and, subsequently, operator training as development moves to licensing and construction prior to plant commissioning. “We are applying our high-performance computing and reactor simulation capabilities to IMSR power plant development,” said Rangesh Kasturi, President, Maritime International, L3Harris. “This effort will result in Terrestrial Energy obtaining its first simulator for the IMSR power plant equipping its engineers with a dynamic, integrated and real-world tool to support IMSR deployment.” “L3Harris' simulator provides an extraordinary real-world experience of the IMSR power plant operation and performance. It supports our engineering activities, operator training programs and future IMSR deployments,” said Simon Irish, CEO of Terrestrial Energy. “This digital technology illustrates how high-performance computing enables Generation IV innovation capable of providing cost-competitive, reliable, resilient and clean electric power and industrial heat.” In addition to modeling and testing the integrated engineering simulator, L3Harris will provide its state-of-the-art Orchid® simulation environment and training to Terrestrial Energy for further simulator development. This aspect of the contract is a result of L3Harris' Industrial and Technological Benefits (ITB) commitments to Canada through its participation in the National Shipbuilding Strategy (NSS) on the Arctic and Offshore Patrol Ships program with Irving Shipbuilding. “This investment in Terrestrial Energy is another example of the National Shipbuilding Strategy at work creating investment in people and businesses across the country to ensure Canadians are benefitting from coast to coast to coast,” said Kevin McCoy, President of Irving Shipbuilding. “Through the Arctic and Offshore Patrol Ship construction program and the Canadian Surface Combatant program, spending commitments to date have generated positive economic impacts for hundreds of businesses and organizations that are creating world-class innovation and research across the country.” The ITB commitment requires identifying new opportunities that benefit Canadian industry when any work is performed outside of Canada on the NSS. The ITB program ensures that 100 percent of the value of a significant defence contract is spent in Canada, and this creates a strong link between our naval programs and the creation of innovation in our energy sector. About Terrestrial Energy Terrestrial Energy is a developer of Generation IV advanced nuclear power plants that use its proprietary Integral Molten Salt Reactor (IMSR®) technology. IMSR technology represents true innovation in cost reduction, versatility, and functionality of nuclear power plants. IMSR power plants will provide zero-carbon, reliable, dispatchable, cost-competitive electric power and high-grade industrial heat for use in many industrial applications, such as chemical synthesis and desalination, and in so doing extend the application of nuclear energy far beyond electric power markets. They have the potential to make important contributions to industrial competitiveness, energy security, and economic growth. Their deployment will support rapid global decarbonization of the primary energy system by displacing fossil fuel combustion across a broad spectrum. Using an innovative design, and proven and demonstrated molten salt reactor technology, Terrestrial Energy is engaged with regulators and industrial partners to complete IMSR engineering and to commission first IMSR power plants in the late 2020s. terrestrialenergy.com About L3Harris Technologies L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers' mission-critical needs. The company provides advanced defense and commercial technologies across air, land, sea, space and cyber domains. L3Harris has approximately $18 billion in annual revenue and 48,000 employees, with customers in more than 100 countries. https://financialpost.com/pmn/press-releases-pmn/globe-newswire-releases/terrestrial-energy-and-l3harris-technologies-to-develop-imsr-generation-iv-nuclear-power-plant-simulator

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  19 décembre 2023 | Local, Aérospatial

  Liberals told Boeing aircraft deal would mean few economic benefits for Canadian firms

  Liberal government told selecting Boeing P-8 would be the least riskiest option but provide few economic benefits to Canada