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Magellan Aerospace Receives Order For F-35 Joint Strike Fighter Horizontal Tails
PARIS AIR SHOW, Le Bourget, June 17 /CNW/ - Magellan Aerospace has been awarded a contract this p...
About this update from Magellan Aerospace Corporation
[{"type":"text","content":"\n\n\n\nPARIS AIR SHOW, Le Bourget, June 17 /CNW/ - Magellan Aerospace has been\nawarded a contract this past month to produce F-35 Lightning II horizontal\ntail components in the third lot of Low Rate Initial Production (LRIP). It is\nthe initial contract awarded to Magellan by BAE Systems for F-35 components,\nvalued at $11M Cdn. over a two year period.\n\n\nMagellan has been participating on the F-35 Lightning II aircraft program\nfrom the earliest stages in 2001. Machined details and complex assemblies have\nbeen delivered throughout the System Development and Demonstration (SDD)\nphase. Magellan is currently producing components for all three of the F-35\nvariants. The horizontal tails produced at Magellan will be used on the\nConventional Takeoff and Landing (CTOL) variant. Currently up to 1038 ship\nsets of horizontal tails are planned to be produced by Magellan over the life\nof the F-35 (also known as the Joint Strike Fighter) program.\n\n\n"As the F-35 program deliveries ramp up, Magellan will be producing half\nof the CTOL horizontal tails required each year. With program delivery\nrequirements targeted at one a day by 2015, a steady increase in production\nrates will take place over the next six years," said Jim Butyniec, President\nand Chief Executive Officer, Magellan Aerospace Corporation. The U.S., and\neight nations partnering in the project, plan to acquire 3,173 F-35 fighters.\n\n\n"Whilst this initial contract is small in its relative size, it\nestablishes the critical first steps on the journey that BAE Systems and\nMagellan have commenced, which is aimed at developing a robust capability and\naffordable manufacturing solution at Magellan that will have the essential\ncapacity to support and produce F-35 Horizontal Tail components in Canada",\nsays BAE Systems' International Industrial Participation Programme Manager,\nJohn Dunstan.\n\n\nWith estimated revenues in excess of $250 to 300 billion over 25 years,\nthe Joint Strike Fighter program will develop and manufacture the next\ngeneration fighter aircraft for the U.S. Navy, Air Force and Marines and for\nexport to U.S. allies. In 2001 the U.S. Department of Defense named the\nLockheed Martin JSF team as the winner of the contract to develop the F-35\nJoint Strike Fighter. Lockheed Martin in Fort Worth, Texas, is the F-35 prime\ncontract...