Magellan Aerospace expects US$20 million in revenue from Airbus contract
Feb. 8, 2011, Toronto - Airbus has awarded a contract for Magellan Aerospace Corp. to supply detail components for the A350 XWB passenger jets.
February 8, 2011 By The Canadian Press
The contract will provide more than US$20 million of revenue over 10 years, Magellan said Monday.
The Toronto-based company said the work will be done by its U.K. subsidiary in Bournemouth, England.
The contract requires the machining and treatment of complex aluminium lithium detail components and delivery to the final assembly line in Toulouse, France.
"This (work) package, together with Magellan's existing A350 XWB work on the centre wing box and the pylon secondary structure, augments Magellan's position on this exciting new program,'' said Jim Butyniec, Magellan's president and chief executive.
The A350 XWB is part of Airbus's newest generation of passenger jets made with advanced materials. The XWBs will seat between 250 and 350 passengers, depending on the version.