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Magellan Aerospace Corp T.MAL

Alternate Symbol(s):  MALJF

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. The Company 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. The Company operates the through Aerospace segment, which includes the design, development, manufacture, repair and overhaul, and sale of systems and components for defense and civil aviation. Its products include Engine Cold Section, Engine Hot Section, Engine Shafts, Black Brant, RATO Booster Motors, CRV7 Rocket Weapon System, Small Satellite Bus Platforms, and Manufactured Components and Assemblies, among others. The Company provides supply chain integration by combining core capabilities with global supply chain expertise.


TSX:MAL - Post by User

Post by Mike66on Mar 17, 2021 8:31am
132 Views
Post# 32814821

Magellan Aerospace signs renewal with GE's Avio Aero

Magellan Aerospace signs renewal with GE's Avio Aero

MAGELLAN AEROSPACE SIGNS AGREEMENT WITH AVIO AERO IN ITALY

Magellan Aerospace Corp. has signed a five-year renewal agreement with Avio Aero, a GE Aviation Company, for the supply of magnesium and aluminum castings. The castings will be produced primarily at Magellan's Haley, Ont., facility, with several also being produced at its Glendale, Ariz., facility.

Margherita Bertinotti, sourcing leader, Avio Aero, said: "This contract represents a significant milestone for the two companies, reinforcing our long-lasting relationship. This five year agreement is an important opportunity in the current pandemic environment which is posing unprecedented challenges that I believe we will overcome together."

Haydn Martin, Magellan's vice-president business development, marketing and contracts, remarked: "Magellan's Haley division has been a key supplier to Avio Aero since 1984 when the two companies began working together. We have built a strong relationship with Avio Aero over the years and look forward to continuing that relationship with the renewal of this agreement."

Magellan is a world leader in the development and production of aerospace components using the sand-cast process. Magellan castings are used on civil and defence, fixed-wing and rotorcraft programs across the globe.

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