Magellan Aerospace Signs Long Term Agreement With Hamilton Sundstrand Corporation, a UTC Aerospace Systems Company

TORONTO, May 22, 2018 /CNW/ - Magellan Aerospace ("Magellan") announced today the signing of an  agreement with Hamilton Sundstrand Corporation, a UTC Aerospace Systems Company ("Hamilton Sundstrand"), to manufacture complex magnesium and aluminium castings for various military and commercial aerospace platforms.  The castings will be produced by Magellan's facilities in Haley, Ontario and Glendale, Arizona.

This new long-term agreement with Hamilton Sundstrand provides the framework for a new level of strategic alignment with Magellan; in addition to the F-15, F-16, and F-18 for Hamilton Sundstrand's current fighter engine platforms, the agreement also encompasses the production of castings to support the JSF, PW1100, A320, 787 and 777 programs.

Magellan is a world leader in the development and production of aerospace components with centres of excellence in sand cast processes and shaft manufacturing. Magellan has invested in innovative and transformative casting technologies such as robotics, 3D sand printing and automated pouring to achieve the highest standard of product and performance while remaining cost competitive.

About Magellan Aerospace

Magellan Aerospace 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.

Forward Looking Statements

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SOURCE Magellan Aerospace Corporation