Magellan lands Rolls-Royce contract
Aircraft engine deal worth $425 million over 15 years.
Mississauga-based Magellan Aerospace Corporation announced today that it has reached agreement with Rolls-Royce Plc and Rolls-Royce Deutschland Ltd & Co KG to manufacture mainline shafts and stub shafts for various Rolls-Royce engine programs. The work will be performed on these flight safety critical rotating parts at Magellan’s Middleton Aerospace facility in Haverhill, MA. It is estimated that the gross program revenue will be approximately $US 425 million over the 15-year term of the agreement.
"Magellan will utilize its existing equipment for initial production, but will expand its manufacturing footprint at the Haverhill facility to accommodate the new equipment and processes required to support full-scale production for the program," commented Dan Chaisson, GM of the Haverhill operating facilities. The first Magellan deliveries are expected to be made in the second half of 2010.
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.