Magellan Aerospace Corporation announced an agreement with an undisclosed customer for the supply of complex machined rotating engine components for military aircraft platforms. The contract will be carried out at Magellan's facility in Mississauga, Ontario over a five year period commencing in 2020.

The contract is valued at approximately $46.4 million.

Magellan continues to make significant investments in its facilities, manufacturing technology and personnel in order to meet production and delivery schedules and remain competitive in today's global market. In securing this agreement, Magellan has demonstrated the ability to meet the demands of cost, quality and performance expected by customers in the aerospace sector.

Haydn Martin, Vice President, Business Development, Marketing and Contracts for Magellan said, "This new business speaks to the confidence that OEM customers have placed in Magellan and our ability to offer our customers technologically advanced and reliable manufacturing solutions."