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MAGELLAN AEROSPACE (UK) LIMITED IS SELECTED TO SUPPLY GKN AEROSPACE WITH MAJOR ALUMINIUM AND TITANIUM STRUCTURAL COMPONENTS
MAGELLAN AEROSPACE (UK) LIMITED IS SELECTED TO SUPPLY GKN AEROSPACE WITH MAJOR ALUMINIUM AND TITA...
About this update from Magellan Aerospace Corporation
[{"type":"text","content":"\n\n\n\n Dec. 9, 2010 (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, Dec. 9 /CNW/ - Magellan Aerospace Corporation announced today\n that an agreement has been reached between GKN Aerospace and Magellan\n Aerospace (UK) Limited, securing a work package containing structural\n components for the Airbus A320 and A330 aircraft.\n\n\nThe package contains a number of major aluminium and titanium structural\n components, and is expected to generate revenues in excess of £21\n million ($Cdn 34 million) over the next five years.  Deliveries are due\n to commence in January 2011.\n\n\nJim Butyniec, President and CEO of Magellan Aerospace Corporation said,\n "This is an exciting contract for the Corporation as it enhances our\n position as a global supplier of aerospace components.  This is good\n news for everyone within Magellan."   \n\n\n"The award of this package is in support of GKN's strategy of\n strengthening and consolidating its global supply base to provide GKN's\n customers and manufacturing operations with world class supply chain\n solutions." commented Rob Soen, Senior Vice President, Supply Chain\n Management of GKN Aerospace Services Ltd. \n\n\nPhil Underwood, Vice President and General Manager of Magellan UK, said\n "This work package will be divided amongst three of Magellan UK's\n manufacturing facilities, at Bournemouth, Chalfont St Peter and\n Wrexham, utilising existing core manufacturing capabilities...