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Magellan Aerospace signs agreement for work on F-35
PARIS AIR SHOW, Le Bourget , June 17, 2013 /CNW/ - Magellan Aerospace has signed a Mem...
About this update from Magellan Aerospace Corporation
[{"type":"text","content":"\n\n\nPARIS AIR SHOW, Le Bourget, June 17, 2013 /CNW/ - Magellan Aerospace has\n signed a Memorandum of Agreement (MOA) with BAE Systems for work on the\n F-35 Lightning II program. Under the agreement Magellan will produce\n more than 1,000 sets of horizontal tails for the Conventional Take Off\n and Landing (CTOL) variant of the F-35 program over a 20-year period. \n The agreement, announced today at the Paris Air Show, Le Bourget,\n formalizes the continuation of the strategic relationship between BAE\n Systems and Magellan.\n\n\nMagellan will produce F-35A horizontal tail assemblies using components\n that require advanced composite manufacturing, machining capabilities,\n and strict quality standards. The majority of the components used for\n the assembly are produced in Magellan's divisions.   The horizontal\n tail production under the MOA has a potential value of over Cdn. $1.2\n billion over the life of the program. Magellan has achieved sales of\n more than $100M Cdn. on the F-35 program to date.\n\n\nToday's signing represents another milestone of Magellan's strategic\n involvement on the F-35 program.  \"We have supported Magellan's journey\n to become a key supplier of complex, flight critical components\n requiring high-technology, and high-quality manufacturing capabilities\n to produce the components to the exacting specifications demanded of\n this global program,\" said Paul Burns, Global Procurement & Supply\n Chain Director, BAE Systems.\n\n\nMagellan is a part of the global F-35 team that includes world-class\n aerospace companies representing all eight JSF partner nations.\n Magellan's potential value of F-35 manufacturing work is approaching\n Cdn. $2.0 billion.\n\n\n\"At Magellan, we are proud to be an integral part of the F-35 supply\n chain.  We've produced parts that are flying on all three variants, and\n for planes that will fly in four of the partnering nation's air\n forces,\" said Jim Butyniec, President and CEO of Magellan Aerospace.\n \"We look forward to seeing the first Magellan-built horizontal tail\n assembly fly on a production F-35 in early 2014.\"\n\n\nAbout Magellan Aerospace:\n\n\nMagellan Aerospace is a global, integrated aerospace company that\n provides complex assemblies and systems solutions to aircraft and\n engine manufacturers, and defence and space agenci...