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PRESS RELEASE
Issued by:

Magellan Aerospace announces contract award with Boeing
Friday, 11 May 2012

Magellan Aerospace Corporation announced today that it has been awarded a contract with The Boeing Company for the continuation of the production of complex, hard metal structural assemblies for the Next-Generation 737, 747-8, 767, 777, and the production of such assemblies for the new 787 Dreamliner airplanes. These integrated assemblies will be manufactured and delivered from Magellan's New York, NY and Kitchener, Ontario operating facilities beginning in 2013.

This long term contract will continue Magellan's revenues from work for Boeing Commercial beginning in 2013 and into the next decade and provides a fundamental pillar of support to Magellan's core commercial platform. Direct Boeing Commercial sales in 2011 contributed in excess of $80 Million Cdn. in revenue to Magellan. Magellan's core aerostructures expertise is in the provision of complex, machined components for large commercial platforms. Boeing and Magellan have an established relationship and have benefited from working together to develop improved efficiencies using Boeing lean and value engineering tools as well as the Magellan Operating System™ (MOS™). "We continuously find ways to improve our processes to ensure our customer's needs are fully satisfied," stated James Butyniec, Magellan President and Chief Executive Officer.

The Boeing contract provides a solid base of work for Magellan over the contract term. "We look forward to continuing our strong, long-term "partnership" with one of our most valued customers and are well prepared to support future program requirements as they develop," said Daniel Zanatta, Magellan Vice President, Business Development, Marketing and Contracts.

Contact details from our directory:
Magellan Aerospace Corp. APU Components, Aircraft Structural Components, Engine Parts, Nacelles, Fabricating Services, Machining Services, Engine Nozzles, Exhaust Systems, Aircraft Landing Gear, Empennages, Wing Spars, Precision Machined Parts, Cowl Flaps, Helicopter Assemblies, Metal & Alloy Fabrications, Metal & Alloy Castings
Boeing Commercial Airplanes Airframer
Related aircraft programs:
Boeing 787 Dreamliner
Boeing 777
Boeing 767
Boeing 747
Boeing 737
Related directory sectors:
Structural Components
Metals
Airframe Assemblies