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Be the first with the news that moves the market- Magellan Aerospace (TSX:MAL) has signed a contract extension with Boeing
- Magellan will manufacture large and complex nacelle exhaust systems for the 767 program
- Continuing this agreement with Boeing aims to ensure sufficient supply of Magellan’s acoustic plug and nozzle exhaust assemblies for the 767 program
- Magellan Aerospace (MAL) opened trading at $7.60 per share
Magellan Aerospace (TSX:MAL) has signed a contract extension with Boeing.
Magellan will manufacture large and complex nacelle exhaust systems for the 767 program.
The fabricated metallic assemblies will be produced and delivered from Magellan’s facility in Middletown, Ohio.
Continuing this agreement with Boeing aims to ensure sufficient supply of Magellan’s acoustic plug and nozzle exhaust assemblies for the 767 program. Magellan utilizes internally manufactured metallic honeycomb in the production process. The metallic honeycomb is manufactured utilizing materials suitable for higher temperatures and offers advantages in weight savings and acoustic attenuation.
The company has decades of experience in the design, manufacture, and certification of nacelle exhaust systems.
“We have developed a great working relationship over the past 40 years and look forward to continuing to support this foundational program at our Middletown operation,” stated Haydn Martin, Magellan’s Vice President, Business Development, Marketing and Commercial.
Magellan is a global aerospace company providing complex assemblies and systems solutions. Earlier this spring, Magellan signed a C$15.8 million contract with the Department of National Defence’s science and technology organization, Defence Research and Development Canada, to design, build, launch and operate the Redwing microsatellite. Click here to read more on that news.
Magellan Aerospace (MAL) opened trading at $7.60 per share.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
