Magellan Aerospace Company (“Magellan”) introduced in the present day, the award of a multi-year contract from Lockheed Martin Company (“LMCO”) for complicated machined titanium parts for all three variants of the F-35 plane. This multi- million greenback contract might be carried out at Magellan Aerospace’s facility in Kitchener, Ontario over the interval of 2023 to 2027. The contract is for shipsets of machined wing tie bars for the plane’s forefront flap. Magellan’s Kitchener facility has industry-leading experience in titanium machining operations and world-class machining functionality, with an emphasis on excessive pace machining of arduous metals comparable to titanium, Inconel and chrome steel. This newest contract is a continuation of a long-established relationship with LMCO on the worldwide F-35 fighter plane program.
Mr. Haydn Martin, Vice President, Enterprise Growth, Advertising and marketing and Contracts mentioned, “Magellan earned a task within the industrial provide chain for the Joint Strike Fighter program early in this system because the Canadian authorities was a associate in this system at its inception in 1997. Magellan has benefited from the chance to determine superior manufacturing applied sciences in our amenities and is happy to use these improvements to help the manufacturing of the worldwide F- 35 fleet by offering these complicated structural parts”.
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Magellan’s Kitchener facility was the primary worldwide associate on the F-35 program to ship components to this system in late 2003. Prior to those deliveries, Kitchener had made vital funding in each tools and expertise that proved to be pivotal in securing its position on this system. The F-35 is developed, produced, and supported by a global group of presidency allies and aerospace {industry} leaders. The F-35 Program is managed by the Pentagon’s F-35 Joint Program Workplace, the U.S. Air Power, the U.S. Marine Corps and the U.S. Navy are all procuring and working F-35s. There are eight worldwide program companions — the U.S., United Kingdom, Italy, Netherlands, Australia, Norway, Denmark and Canada. Eight International Army Gross sales prospects are additionally procuring and working the F-35 — Israel, Japan, South Korea, Poland, Belgium, Singapore, Finland, and Switzerland. Lockheed Martin serves because the prime contractor with a worldwide provide chain of greater than 1,900 firms based mostly in the USA and in each nation buying the F-35.
Magellan Aerospace Company is a worldwide aerospace firm that gives complicated assemblies and programs options to plane and engine producers, and defence and house companies worldwide. Magellan designs and manufactures aeroengine and aerostructure assemblies and parts for aerospace markets, superior proprietary merchandise for navy and house markets, and offers engine and element restore and overhaul companies worldwide. Magellan is a public firm whose shares commerce on the Toronto Inventory Change (TSX: MAL), with working items all through North America, Europe, and India.
