- Magellan Aerospace (MAL) has signed a multi-year contract with Lockheed Martin Corporation
- Under the contract, Magellan will deliver complex machined titanium components for all three variants of the F-35 aircraft
- The F-35 is developed, produced, and supported by an international team of government allies and aerospace industry leaders
- Magellan designs and manufactures aero-engine, aerostructure assemblies and components for aerospace markets
- Magellan Aerospace Corp. (MAL) is up 0.547 per cent, trading at C$7.35 per share at 1:31 pm ET
Magellan Aerospace (MAL) announced that it has signed a multi-year contract with Lockheed Martin Corporation.
As per the contract, Magellan will deliver complex machined titanium components for all three variants of the F-35 aircraft. It includes shipsets of machined wing tie bars for the aircraft’s leading edge flap.
This multi-million dollar contract will be carried out at Magellan Aerospace’s facility in Kitchener, Ontario, from 2023 to 2027. The Kitchener facility has industry-leading expertise in titanium machining operations and world-class machining capability.
This latest contract is a continuation of a long-established relationship with LMCO on the global F-35 fighter aircraft program. Magellan’s Kitchener facility was the first international partner on the F-35 program to deliver parts to the program in late 2003.
The F-35 is developed, produced, and supported by an international team of government allies and aerospace industry leaders. The F-35 Program is managed by the Pentagon’s F-35 Joint Program Office. The U.S. Air Force, the U.S. Marine Corps and the U.S. Navy are all procuring and operating F-35s.
Lockheed Martin serves as the prime contractor with a global supply chain of more than 1,900 companies. It is based in the United States and every nation that acquires the F-35.
Magellan designs and manufactures aero-engine, aerostructure assemblies and components for aerospace markets.
Magellan Aerospace Corp. (MAL) is up 0.547 per cent, trading at C$7.35 per share at 1:31 pm ET.
