{"id":468327,"date":"2021-03-31T07:03:25","date_gmt":"2021-03-31T11:03:25","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=468327"},"modified":"2021-03-31T07:03:25","modified_gmt":"2021-03-31T11:03:25","slug":"magellan-aerospace-secures-contract-extension-with-boeing-commercial-aircraft","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/magellan-aerospace-secures-contract-extension-with-boeing-commercial-aircraft\/","title":{"rendered":"Magellan Aerospace Secures Contract Extension With Boeing Commercial Aircraft"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Magellan Aerospace Secures Contract Extension With <\/b><b>Boeing Commercial Aircraft<\/b><\/p>\n<p>TORONTO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nMagellan Aerospace Corporation (\u201cMagellan\u201d) announced an agreement with Boeing Commercial Airplanes, a business unit of The Boeing Company on a contract extension for the supply of landing gear kits and other complex structural components for the 737, 767, and 777 airplanes. The significant, long term contract extension will see product delivered from Magellan\u2019s facilities in Kitchener, Ontario and New York City, New York.\n<\/p>\n<p>\nMagellan has made significant investments in manufacturing technology and personnel at all its facilities substantially improving our global competitiveness. Magellan\u2019s solution for Boeing Commercial Airplanes, employs a vertical integration strategy utilizing global resources in Kitchener, New York City, and India. Magellan will deliver the kits and hardware direct to Boeing\u2019s assembly facilities in Renton and Everett, Washington and will manufacture buffer kits to mitigate production risk.\n<\/p>\n<p>\nIn securing this agreement, Magellan has demonstrated the ability to meet the competitive demands of cost, quality, and performance expected by Boeing Commercial Airplanes.\n<\/p>\n<p>\nMr. Haydn Martin, Vice President Business Development, Marketing and Contracts for Magellan said, \u201cSecuring this major business extension for key Boeing platforms is foundational for our New York and Kitchener facilities as the aerospace industry works to recover from the impact of the global pandemic. The confidence that Boeing has placed in Magellan is significant and demonstrates our ability to offer our customers comprehensive and reliable solutions.\u201d\n<\/p>\n<p><b>About Magellan Aerospace Corporation <\/b><\/p>\n<p>\nMagellan Aerospace Corporation is a global aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defense and space agencies worldwide. Magellan 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 worldwide. Magellan is a public company whose shares trade on the Toronto Stock Exchange (TSX: MAL), with operating units throughout North America, Europe, and India.\n<\/p>\n<p><b>Forward Looking Statements<\/b><\/p>\n<p>\nSome of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. When used herein, words such as &#8220;expect&#8221;, &#8220;anticipate&#8221;, &#8220;estimate&#8221;, &#8220;may&#8221;, &#8220;will&#8221;, &#8220;should&#8221;, &#8220;intend&#8221;, &#8220;believe&#8221;, and similar expressions, are intended to identify forward-looking statements. Forward-looking statements are based on estimates and assumptions made by the Corporation in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Corporation believes are appropriate in the circumstances. Many factors could cause the Corporation&#8217;s actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including those described in the &#8220;Risk Factors&#8221; section of the Corporation&#8217;s Annual Information Form (copies of which filings may be obtained at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sedar.com&amp;esheet=52404398&amp;newsitemid=20210331005314&amp;lan=en-US&amp;anchor=www.sedar.com&amp;index=1&amp;md5=0634ca7d332ba7ef0a3bf3e6cc339547\">www.sedar.com<\/a>). These factors should be considered carefully, and readers should not place undue reliance on the Corporation&#8217;s forward-looking statements. The Corporation has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210331005314r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210331005314\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210331005314\/en\/<\/a><\/span><\/p>\n<p>\nLaura Podaima<br \/>\n<br \/>Director, Corporate Communications<br \/>\n<br \/>Magellan Aerospace<br \/>\n<br \/>Ph. 204 788 2831<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Laura.podaima@magellan.aero\">Laura.podaima@magellan.aero<\/a><\/p>\n<p><b>KEYWORDS:<\/b> North America Canada<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Engineering Air Aerospace Transport Manufacturing Transportation Travel<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Magellan Aerospace Secures Contract Extension With Boeing Commercial Aircraft TORONTO&#8211;(BUSINESS WIRE)&#8211; Magellan Aerospace Corporation (\u201cMagellan\u201d) announced an agreement with Boeing Commercial Airplanes, a business unit of The Boeing Company on a contract extension for the supply of landing gear kits and other complex structural components for the 737, 767, and 777 airplanes. The significant, long term contract extension will see product delivered from Magellan\u2019s facilities in Kitchener, Ontario and New York City, New York. Magellan has made significant investments in manufacturing technology and personnel at all its facilities substantially improving our global competitiveness. Magellan\u2019s solution for Boeing Commercial Airplanes, employs a vertical integration strategy utilizing global resources in Kitchener, New York City, and India. Magellan will deliver the kits and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/magellan-aerospace-secures-contract-extension-with-boeing-commercial-aircraft\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Magellan Aerospace Secures Contract Extension With Boeing Commercial Aircraft&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-468327","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Magellan Aerospace Secures Contract Extension With Boeing Commercial Aircraft - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/magellan-aerospace-secures-contract-extension-with-boeing-commercial-aircraft\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Magellan Aerospace Secures Contract Extension With Boeing Commercial Aircraft - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Magellan Aerospace Secures Contract Extension With Boeing Commercial Aircraft TORONTO&#8211;(BUSINESS WIRE)&#8211; Magellan Aerospace Corporation (\u201cMagellan\u201d) announced an agreement with Boeing Commercial Airplanes, a business unit of The Boeing Company on a contract extension for the supply of landing gear kits and other complex structural components for the 737, 767, and 777 airplanes. The significant, long term contract extension will see product delivered from Magellan\u2019s facilities in Kitchener, Ontario and New York City, New York. Magellan has made significant investments in manufacturing technology and personnel at all its facilities substantially improving our global competitiveness. Magellan\u2019s solution for Boeing Commercial Airplanes, employs a vertical integration strategy utilizing global resources in Kitchener, New York City, and India. 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