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Magellan Aerospace Announces Contracts to Produce Aircraft Illumination Flares
Magellan Aerospace Announces Contracts to Produce Aircraft Illumination Flares Can...
About this update from Magellan Aerospace Corporation
[{"type":"text","content":"\n\n\n\nMagellan Aerospace Announces Contracts to Produce Aircraft Illumination Flares\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, March 15, 2019\n\n\n\nTORONTO, March 15, 2019 /CNW/ - Magellan Aerospace Corporation (\"Magellan\") announced today, agreements valued at CDN $48 million, with the Canadian government to perform the licensed manufacture of LUU-2 illumination flares for the Royal Canadian Air Force (RCAF).  Magellan-produced LUU-2 illumination flares will be delivered from the Winnipeg facility's propellant plant in Manitoba, Canada. The term of the contracts is five years.\nThe LUU-2 is an air-deployed high-intensity illumination flare. The RCAF utilizes the LUU-2 to support night time search and rescue operations with illumination. The flares produce about 1.8 million candlepower of visual illumination for five minutes.\n\"Magellan remains committed to continuing our 60-year legacy in supporting the Canadian Armed Forces and the RCAF with the delivery of critical mission support equipment and services\", said Mr. Haydn Martin, Vice President, Business Development, Marketing and Contracts, Magellan Aerospace.\nAbout Magellan Aerospace Corporation\nMagellan 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.\nForward Looking Statements\nSome 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\", \"...