Magellan Aerospace Applauds F-35 Aircraft Announcement by Canadian Government
January 11, 2023 | Business WireEstimated reading time: 1 minute
Magellan Aerospace Corporation applauds the Government of Canada's announcement that it has reached a final agreement to acquire 88 F-35 fighter jets for the Royal Canadian Air Force. By selecting the F-35, Canada is continuing a relationship that was established between the original partnering nations for the development of the F-35.
The announcement secures significant benefits to the Canadian aerospace industry. To date, Canadian companies have been awarded high value contracts as part of the F-35 global supply chain amounting to $2.7 billion USD as a result of Canada’s partnership in the F-35 program. The Canadian economy is anticipated to benefit by more than $16.9 billion CAD over the life of the program. The actions taken by the government on the F-35 program will continue to deliver economic and technical advantages to Canada for decades to come.
As an international partner on the program, Canada’s aerospace industry has had many first-of-a-kind opportunities to work directly on F-35 production and provided companies the leverage to adopt some of the most advanced technologies in the world. The formal F-35 selection secures Canadian industry’s investment in the program and is expected to facilitate access to future sustainment opportunities.
Magellan sends congratulations to the Lockheed Martin team. Magellan has provided complex structural assemblies and other components for the global F-35 program since the initial system design and development phase.
Magellan is excited to continue its participation on the F-35 program that includes eight international partners — the U.S., United Kingdom, Italy, Netherlands, Australia, Norway, Denmark, and Canada. Nine Foreign Military Sales customers are also procuring and operating the F-35 — Israel, Japan, South Korea, Poland, Belgium, Singapore, Finland, Switzerland, and Germany.
Suggested Items
Altair Acquires Research in Flight, Forging a New Path for Aerodynamic Analysis
05/03/2024 | AltairAltair a global leader in computational intelligence, announced it has acquired Research in Flight, maker of FlightStream®, which provides computational fluid dynamics (CFD) software with a large footprint in the aerospace and defense sector and a growing presence in marine, energy, turbomachinery, and automotive applications.
Boeing, GKN Aerospace Close Deal for St. Louis Site
04/29/2024 | BoeingBoeing has closed a deal with GKN Aerospace St. Louis and its parent company, Melrose Industries, to continue the manufacturing of critical components that support the U.S. government and its allies.
Cicor Records Solid Growth in Q1
04/16/2024 | CicorThe Cicor Group continued to grow in the first three months of the year. Quarterly sales increased by 11.8% to CHF 107.3 million compared to the first quarter of the previous year (Q1/2023: CHF 96.0 million).
TT Electronics Awarded Contract with Kongsberg Defence and Aerospace
04/11/2024 | TT ElectronicsTT Electronics, a leading provider of global manufacturing solutions and engineered technologies, announced today that its Fairford UK business has been awarded a new contract with long-standing customer Kongsberg Defence and Aerospace (Kongsberg) for the production of complex cable harness solutions.
Cicor Successfully Completes Acquisition of TT Electronics IoT Solutions Ltd.
04/03/2024 | CicorThe Cicor Group has successfully completed the acquisition of TT Electronics IoT Solutions Ltd. with three production sites in the UK and China.