Magellan Aerospace secures multi-year Airbus contract

Magellan Aerospace announced an agreement today between Magellan Aerospace (UK) Limited and Airbus for the supply of complete crown module assemblies for all variants of the A350 XWB aircraft.

This contract extension, valued at approximately CDN $140 million, will see the provision of complex assemblies from Magellan facilities in the United Kingdom, Poland and India to the Airbus assembly lines in Germany and France.

Mr. Phillip Underwood, President and CEO of Magellan said, "With an emphasis on investing in innovative manufacturing technologies and developing a cost competitive global supply chain, Magellan has worked diligently to align with Airbus' production requirements for the A350 XWB."

"To support the great demand for this aircraft, Magellan will continue to focus our efforts on optimizing our performance to provide solutions for Airbus' manufacturing needs into the next decade."