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MAGELLAN AEROSPACE (UK) LIMITED IS SELECTED TO MANUFACTURE ADDITIONAL STRUCTURE ON A350 XWB PROGRAM
Feb. 7, 2011 (Canada NewsWire Group) -- TORONTO, Feb. 7 /CNW/ - Magellan Aerospace Corporatio...
About this update from Magellan Aerospace Corporation
[{"type":"text","content":"\n\n\n\n Feb. 7, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTORONTO, Feb. 7 /CNW/ - Magellan Aerospace Corporation announced today\n that an agreement has been reached between Airbus and Magellan\n Aerospace (UK) Limited securing a further work package, Crown Fittings,\n on Airbus' new A350 XWB. It is expected to generate revenues in excess\n of $US 20 million over the next ten years.\n\n\nThe contract requires the machining and treatment of complex machined\n aluminium lithium detail components, and delivery to the final assembly\n line in Toulouse, France.  The first deliveries of the contracted 800\n shipsets will be made in April, 2011.\n\n\nJim Butyniec, Magellan's President and CEO, discussed the importance of\n participation on the A350 XWB program and Magellan's continued drive to\n secure major work packages on Airbus aircraft.  He commented, "This\n package, together with Magellan's existing A350 XWB work on the Centre\n Wing Box and the Pylon Secondary Structure, augments Magellan's\n position on this exciting new program."\n\n\nProduction will take place at Magellan's facilities in the UK at\n Bournemouth, with new investment in machining capacity to be phased in\n as the production rate increases from 2012.  These future investments\n demonstrate Magellan Corporation's commitment to developing world class\n manufacturing facilities focussed on core competencies. \n\n\nMagellan Aerospace (UK) Limited is a wholly owned subsidiary of...