Magellan Aerospace signs agreement with Avio Aero in Italy

Magellan Aerospace Corporation ("Magellan") announced the signing of a five year renewal agreement with Avio Aero, a GE Aviation Company ("GE"), for the supply of magnesium and aluminum castings. The castings will be produced primarily at Magellan's Haley, Ontario facility, with several also being produced at its Glendale, Arizona facility.

Ms. Margherita Bertinotti, Sourcing Leader Avio Aero said, "This contract represents a significant milestone for the two companies, reinforcing our long-lasting relationship. This five year agreement is an important opportunity in the current pandemic environment which is posing unprecedented challenges that I believe we will overcome together."

Mr. Haydn Martin, Magellan's Vice President Business Development, Marketing and Contracts remarked, "Magellan's Haley division has been a key supplier to Avio Aero since 1984 when the two companies began working together. We have built a strong relationship with Avio Aero over the years and look forward to continuing that relationship with the renewal of this agreement."

Magellan is a world leader in the development and production of aerospace components using the sand cast process. Magellan castings are used on civil and defence, fixed-wing and rotorcraft programs across the globe.