Magellan Aerospace Company (“Magellan”) introduced at the moment that it’ll proceed producing F-35 Lightning II (“F-35”) horizontal tail assemblies below an settlement with BAE Techniques. This vital, multi-year settlement is the continuation of contract awards made to Magellan by BAE Techniques and can additional Magellan’s participation on the worldwide program. Magellan is happy to proceed to take part on the F-35 program that features eight worldwide companions — the U.S., United Kingdom, Italy, Netherlands, Australia, Norway, Denmark and Canada. Eight Overseas Navy Gross sales prospects are additionally procuring and working the F-35 — Israel, Japan, South Korea, Poland, Belgium, Singapore, Finland, and Switzerland.
“Magellan has been capable of obtain and keep the utmost manufacturing fee per yr throughout the COVID-19 disaster. The award of this settlement to Magellan and the continuing demand for horizontal tails will allow our fee to be maintained for an additional three years. Magellan is proud to be contributing on a crucial program, from the earliest days, supporting all the international prospects on this unprecedented worldwide enterprise,” mentioned Mr. Phillip Underwood, Magellan’s President and CEO.
Commercial
Magellan and BAE Techniques have been working collectively to provide horizontal tails for the worldwide F-35 program for greater than a decade, signing the unique Letter of Intent for this settlement in 2006. Each corporations have since made vital funding in amenities, applied sciences and coaching to make sure the profitable supply of those flight-critical assemblies to F-35 prime contractor Lockheed Martin. The horizontal tail assemblies produced at Magellan’s facility in Winnipeg, MB, shall be used on the Standard Takeoff and Touchdown variant of the F-35. Magellan is focusing on to provide greater than 1,000 ship units of horizontal tail assemblies over the lifetime of the F-35 program.
Magellan Aerospace Company is a world aerospace firm that gives complicated assemblies and methods options to plane and engine producers, and defence and house businesses worldwide. Magellan designs and manufactures aeroengine and aerostructure assemblies and elements for aerospace markets, superior proprietary merchandise for army and house markets, and offers engine and part restore and overhaul providers worldwide. Magellan is a public firm whose shares commerce on the Toronto Inventory Trade (TSX: MAL), with working models all through North America, Europe, and India.
