April 7, 2014. David Pugliese Defence Watch
News release from Magellan:
TORONTO, April 7, 2014 /CNW/ – Magellan Aerospace Corporation (“Magellan” or the “Corporation”) announced today the award of a contract for engine repair and overhaul (“R&O”) for the F404 engine that powers Canada’s fleet of CF-188 Hornet aircraft. The one-year contract renewal for approximately CDN $55 million, which was competitively bid, commenced on 1 April 2014, and includes an option for an additional year. The work will be carried out at Magellan’s facility in Mississauga, Ontario.
Under the terms of the contract, the Corporation will provide maintenance, engineering, material management, provision of Field Service Representatives, and Publication support for the CF-188 F404 engine and ancillary components. Magellan has provided CF-188 F404 engine R&O services to the Canadian Armed Forces for more than 30 years.
“Magellan is pleased to have been selected to provide this service for the Canadian Department of National Defence. Magellan’s long-standing relationship with the Canadian Armed Forces is very much the product of providing excellent value in terms of competitive pricing and world class technical experience”, said Jim Butyniec, President and Chief Executive Officer of Magellan Aerospace.
In addition to supporting Canada’s CF-188 F404 fleet, Magellan is a proven supplier, as well as Centre of Excellence, in the worldwide F404 engine R&O support market. There are approximately 4,000 F404 engines currently in service in 15 countries around the world.
About Magellan Aerospace
Magellan Aerospace is a global, integrated aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defence and space agencies worldwide. Magellan designs, engineers, and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced products for military and space markets, industrial power generation, and specialty products. Magellan is a public company whose shares trade on the Toronto Stock Exchange (TSX: MAL), with operating units throughout Canada, the United States, the United Kingdom, India, and Poland.