TORONTO, Oct. 8 /PRNewswire-FirstCall/ - Magellan
Aerospace was honoured to host a visit from The Right Honourable
Stephen Harper, Prime Minister of Canada, at its Bristol Aerospace division in
Winnipeg yesterday. The Prime
Minister joined Magellan in welcoming a group of international and
Canadian dignitaries to celebrate the initiation of the new
Advanced Composite Manufacturing Facility being constructed in
Winnipeg in support of the Joint
Strike Fighter (JSF) program.
At the event, Magellan Aerospace Chairman of the Board, Mr.
Murray Edwards, gave special thanks
and recognition for the support of the Federal Government, the
other major funding partners, customers, and stakeholders in this
major new undertaking.
The launch customer for the new Center is BAE Systems in the
United Kingdom, who awarded
Magellan a contract to produce the JSF F-35 Lightning II horizontal
tail components. The $22 million
dollar, 13,000 square meter facility will be equipped with
advanced technology for the manufacture of complex fabrications and
assemblies.
Mr. Edwards said, "We are delighted to have this opportunity
today to recognize the federal government's contribution to this
program, whose actions have helped ensure Canadian companies are
confident and competitive leaders in the global aerospace market.
The government's investment and commitment to the program since it
began in 1997 is truly commendable." Since that initial
participation in the Concept Demonstration Phase until today,
Canada has garnered unprecedented
opportunities in this strategic long-term program to build the F-35
Lightning II aircraft for Canada
and eight other partner nations.
Magellan's President and CEO, Mr. Jim
Butyniec said, "Together, the government, Magellan and our
fellow Canadian companies have systemically invested in technology
and knowledge growth over the past decade. Step by step we have
grown together on the threshold of full scale production, ready to
meet the state-of-the art manufacturing processes required for this
program. This new facility being constructed in Winnipeg is a celebration of over a decade of
nurturing this strategic opportunity", he concluded.
Magellan celebrated the unparalleled international government
and industrial partnership of the Joint Strike Fighter program, and
the success of the many relationships that have been forged to make
this expansion a reality.
About Magellan Aerospace Corporation:
Magellan Aerospace Corporation is one of the world's most
integrated aerospace industry suppliers. Magellan designs,
engineers, and manufactures aeroengine and aerostructure assemblies
and components for aerospace markets, advanced products for
military and space markets, and complementary specialty products.
Magellan is a public company whose shares trade on the Toronto
Stock Exchange (TSX: MAL), with operating units throughout
Canada, the United States, the United Kingdom and India.
Forward Looking Statements:
This press release contains information and statements of a
forward-looking nature and is based on assumptions and
uncertainties, (including that program deliveries over the
contracted 15-year term achieve current program market estimates)
as well as on management's reasonable evaluation of future events.
These statements are not guarantees of future performance and
involve risks and uncertainties that are difficult to predict,
and/or are beyond the Corporation's control. A number of important
factors could cause actual outcomes and results to differ
materially from those expressed in these forward-looking
statements.
SOURCE Magellan Aerospace Corporation
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