Magellan Aerospace Signs Long Term Agreements With Pratt & Whitney
Magellan Aerospace has signed significant long-term agreements with Pratt & Whitney, an RTX business. These contracts renew existing agreements and cover the supply of complex castings for various engine programs. The castings will be produced at Magellan's facilities in Haley, Ontario and Glendale, Arizona.
This renewal solidifies the long-standing business relationship between Magellan and Pratt & Whitney, which dates back to the 1960s. Magellan supplies complex castings for civil and defence, fixed-wing and rotorcraft programs globally. The company is recognized as a global industry leader in advanced manufacturing techniques, including 3D sand printing, automated pouring and finishing, robotics, and digital radiography.
Magellan Aerospace ha firmato importanti contratti a lungo termine con Pratt & Whitney, un'azienda di RTX. Questi contratti rinnovano accordi esistenti e coprono la fornitura di fusibili complessi per vari programmi di motori. I fusibili saranno prodotti negli impianti di Magellan a Haley, Ontario e Glendale, Arizona.
Questo rinnovo rafforza il lungo rapporto commerciale tra Magellan e Pratt & Whitney, che risale agli anni '60. Magellan fornisce fusibili complessi per programmi civili e di difesa, a volo fisso e a rotori a livello globale. L'azienda è riconosciuta come un leader globale del settore nelle tecniche di produzione avanzata, inclusa la stampa 3D in sabbia, la colata e la finitura automatizzate, la robotica e la radiografia digitale.
Magellan Aerospace ha firmado importantes acuerdos a largo plazo con Pratt & Whitney, una empresa de RTX. Estos contratos renuevan acuerdos existentes y cubren el suministro de fundiciones complejas para varios programas de motores. Las fundiciones se producirán en las instalaciones de Magellan en Haley, Ontario y Glendale, Arizona.
Esta renovación solidifica la larga relación comercial entre Magellan y Pratt & Whitney, que se remonta a la década de 1960. Magellan suministra fundiciones complejas para programas civiles y de defensa, de ala fija y de rotor a nivel mundial. La empresa es reconocida como un líder global de la industria en técnicas avanzadas de manufactura, incluyendo impresión 3D en arena, colado y acabado automatizados, robótica y radiografía digital.
마젤란 항공우주(Magellan Aerospace)는 RTX 사업부인 프랫 앤드 휘트니(Pratt & Whitney)와 중요한 장기 계약을 체결했습니다. 이러한 계약은 기존 계약을 갱신합니다 및 다양한 엔진 프로그램을 위한 복합 주조품의 공급을 다룹니다. 주조품은 마젤란의 온타리오주 헤일리와 애리조나주 글렌데일 시설에서 생산될 예정입니다.
이 갱신은 1960년대에 시작된 마젤란과 프랫 앤드 휘트니 간의 오랜 비즈니스 관계를 강화합니다. 마젤란은 전 세계적으로 민간 및 방위, 고정익 및 회전익 프로그램을 위한 복합 주조품을 공급합니다. 회사는 3D 모래 인쇄, 자동 주조 및 마감, 로봇 공학, 디지털 방사선 촬영 등 첨단 제조 기법에서 글로벌 산업 리더로 인정받고 있습니다.
Magellan Aerospace a signé des contrats importants à long terme avec Pratt & Whitney, une entreprise de RTX. Ces contrats renouvelent des accords existants et couvrent la fourniture de pièces moulées complexes pour divers programmes de moteurs. Les pièces moulées seront produites dans les installations de Magellan à Haley, Ontario et Glendale, Arizona.
Ce renouvellement solidifie la relation commerciale de longue date entre Magellan et Pratt & Whitney, qui remonte aux années 1960. Magellan fournit des pièces moulées complexes pour des programmes civils et de défense, à voilure fixe et rotorcraft à l'échelle mondiale. L'entreprise est reconnue comme un leader mondial de l'industrie dans les techniques de fabrication avancée, y compris l'impression 3D en sable, le coulage et la finition automatisés, la robotique et la radiographie numérique.
Magellan Aerospace hat wichtige langfristige Verträge mit Pratt & Whitney, einem RTX-Unternehmen, unterzeichnet. Diese Verträge erneuern bestehende Vereinbarungen und decken die Versorgung mit komplexen Gießereien für verschiedene Motorenprogramme ab. Die Gießereien werden in den Einrichtungen von Magellan in Haley, Ontario und Glendale, Arizona produziert.
Diese Erneuerung festigt die langjährige Geschäftsbeziehung zwischen Magellan und Pratt & Whitney, die bis in die 1960er Jahre zurückreicht. Magellan liefert komplexe Gießereien für zivile und militärische, starren Flugzeuge und Hubschrauberprogramme weltweit. Das Unternehmen wird als globaler Branchenführer in modernen Fertigungstechniken anerkannt, einschließlich 3D-Sanddruck, automatisiertem Gießen und Finish, Robotik und digitaler Radiographie.
- Renewal of long-term agreements with Pratt & Whitney, securing future business
- Production of complex castings for multiple engine programs, including new and legacy
- Utilization of advanced manufacturing techniques, positioning Magellan as an industry leader
- None.
The renewal of long-term agreements between Magellan Aerospace and Pratt & Whitney is a positive development for Magellan's financial outlook. While specific financial figures aren't disclosed, these contracts likely represent a significant portion of Magellan's revenue stream, given the company's long-standing relationship with Pratt & Whitney since the 1960s.
The agreements cover complex castings for both legacy and new engine programs, suggesting a balanced portfolio that combines stable income from established products with growth potential from emerging technologies. This diversity could help mitigate risks associated with market fluctuations in either segment.
Investors should note Magellan's strategic positioning in both civil and defense aerospace sectors, which could provide resilience against downturns in either market. The company's investments in advanced manufacturing technologies like 3D sand printing and robotics may also contribute to improved profit margins and competitiveness in the long run.
These renewed agreements underscore Magellan's strong position in the aerospace supply chain. The company's ability to secure long-term contracts with a major engine manufacturer like Pratt & Whitney demonstrates its technical expertise and reliability in producing critical components.
The mention of both legacy and new engine programs is particularly noteworthy. It indicates that Magellan has successfully adapted its capabilities to meet evolving industry demands, ensuring relevance across different generations of aircraft engines. This adaptability is important in the aerospace sector, where product lifecycles can span decades.
Magellan's focus on complex castings for various aircraft types (fixed-wing and rotorcraft) and markets (civil and defense) showcases a diversified product portfolio. This diversity can help buffer against fluctuations in specific segments of the aerospace market, providing more stable long-term prospects for the company.
Magellan's investment in advanced manufacturing technologies positions it at the forefront of aerospace component production. The company's expertise in 3D sand printing, automated pouring and finishing, robotics and digital radiography represents a significant competitive advantage in the industry.
These technologies enable Magellan to produce highly complex components with greater precision, consistency and efficiency than traditional manufacturing methods. This capability is important for meeting the exacting standards of aerospace applications, particularly in engine components where performance and reliability are paramount.
The emphasis on cost competitiveness alongside high standards suggests that Magellan has successfully balanced innovation with operational efficiency. This approach is likely to be viewed favorably by customers like Pratt & Whitney, potentially leading to more contract renewals and new business opportunities in the future.
The renewal of these agreements is a testament to the long-standing business relationship Magellan and Pratt & Whitney have enjoyed since the 1960s and secures our collaboration for the next period of performance. Magellan supplies complex castings for civil and defence, fixed-wing and rotorcraft programs across the globe.
“These agreements mark a major milestone for our companies, leveraging our expertise and innovations to achieve shared success,” said Mr. Haydn Martin, Magellan’s Vice President, Business Development, Marketing and Contracts.
Magellan manufactures highly complex components for the commercial and defence aerospace market including engine housings, gearboxes, and front frame and fan cases. Magellan is a global industry leader in the optimization of 3D sand printing, automated pouring and finishing, robotics, and digital radiography to achieve the highest standard of product and performance while remaining cost competitive.
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
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240812444063/en/
Laura Podaima
Director, Corporate Communications
Magellan Aerospace Limited
Ph. +1 204 228 3719
laura.podaima@magellan.aero
Source: Magellan Aerospace Corporation
FAQ
What new agreements has Magellan Aerospace signed with Pratt & Whitney (RTX)?
Which Magellan Aerospace facilities will produce castings for Pratt & Whitney (RTX)?
What manufacturing technologies does Magellan Aerospace use for aerospace components?
How long has Magellan Aerospace been in a business relationship with Pratt & Whitney (RTX)?
