Magellan secures 6-year deal with Airbus
Magellan Aerospace Corporation, headquartered in Mississauga, Ontario, secured a six-year agreement with Airbus for a contract extension for the manufacture of A350 XWB centre wing box and keel beam detail parts.
November 6, 2018 By Wings Staff
Magellan estimates that revenue generated from this work package will exceed $140 million over the term of the contract. The package consists of a number of large structural, machined components, and will be manufactured by Magellan in the United Kingdom and supplied to the Airbus assembly facility in Nantes, France.
“This contract extension has been achieved through a combination of demonstrated operational excellence and market competitive pricing,” said Haydn Martin, Magellan’s vice president of business development. “As a strategic partner to the Airbus Group, Magellan continues to align our technology investments and manufacturing best practices to meet their current and future requirements.”
Magellan provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defense and space agencies worldwide. The company designs and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced proprietary products for military and space markets, and provides engine and component repair and overhaul services.