Magellan Aerospace Corporation announced it has reached a multi-year agreement with The Boeing Company to manufacture 777X control surface ribs in support of Boeing's Focused Factory initiative.

In order to provide the best solution for Boeing on this multi-year package, Magellan will provide internal dual source capability for risk mitigation and business continuity. Work will begin at its United Kingdom facility and later transition to a new factory in Bangalore, India.

Boeing's Focused Factory initiative is the aggregation of products grouped by commonality and forecasted demand. The product groups utilize similar technologies and aggregating the products creates economies of scale that deliver lower cost, improved quality, and delivery efficiencies.

"This award reflects Magellan's commitment to continue to provide value solutions to Boeing in meeting their market challenges," said Haydn Martin, Vice President, Business Development, Marketing and Contracts for Magellan.

"Magellan will continue to innovate and optimize its performance to meet the expectations of Boeing and our customer base," said Martin.