FOR IMMEDIATE RELEASE
MAGELLAN AEROSPACE AWARDED MULTI-YEAR CONTRACT
FOR AIRBUS SINGLE AISLE AIRCRAFT COMPONENTS
Toronto, Ontario – 28 February 2024 – Magellan Aerospace Corporation (“Magellan”)
announced today an agreement between Magellan Aerospace (UK) Limited and Airbus to
continue to supply major structural wing components for Airbus’ single aisle family of aircraft. The
high-strength, lightweight components will be delivered from Magellan’s leading-edge long bed
machining centre in our Wrexham facility from January 2024.
The agreement focuses on the production of precision-machined wing spars for use on the A320
family of aircraft. Wing spars are large machined components that provide support and strength
to the wing structure. Magellan will expand its industry-leading long bed machining capability at
the Wrexham facility to ensure continued delivery of quality products that meets the expectations
of the customer.
Mr. Haydn Martin, Vice President, Business Development, Marketing and Contracts said, “This
scope of work with Airbus demonstrates our commitment to align with our customer’s
requirements through continuous improvement and infrastructure investment.” “The long-term
nature of the contract allows Magellan to make investments that offer our customer a competitive
and reliable source during Airbus’ ramp up for the future production of single aisle aircraft,” he
concluded.
About Magellan Aerospace Corporation
Magellan Aerospace Corporation is a global aerospace company that provides complex
assemblies and systems solutions to aircraft and engine manufacturers, and defence 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.
Forward Looking Statements
Some 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
"expect", "anticipate", "estimate", "may", "will", "should", "intend", "believe", 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's actual results, performance or achievements to differ materially
from those expressed or implied by the forward-looking statements, including those described in
the "Risk Factors" section of the Corporation's Annual Information Form (copies of which filings
may be obtained at www.sedar.com). These factors should be considered carefully, and readers
should not place undue reliance on the Corporation'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.
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For information:
Laura Podaima
Director, Corporate Communications
Magellan Aerospace Limited
Ph. +1 204 228 3719
