Mr. Phil Underwood reports

MAGELLAN AEROSPACE TO PROVIDE LANDING GEAR ASSEMBLIES TO MESSIER-BUGATTI-DOWTY

Magellan Aerospace Corp. has been awarded a follow-on contract to provide nose and main landing gear components and kitted assemblies to Messier-Bugatti-Dowty (MBD) for major commercial aircraft customers. Magellan has produced these complex machined components for MBD since 2009. The parts are manufactured in Magellan's divisions in New York, N.Y., and Kitchener, Ont., which are Magellan centres of excellence for high-velocity, hard-metal machining and kitting. This $80-million (U.S.) program extends for the period of 2017 through 2021.

Phil Underwood, president and chief executive officer of Magellan, noted the strategic importance of this enduring relationship with MBD. "Magellan is able to offer Messier-Bugatti-Dowty an integrated solution that includes both manufacturing expertise and global supply chain management. Their continued confidence in Magellan to support this program demonstrates that our approach provides a cost-competitive and quality solution they can depend on to support their key customer," he stated.

We seek Safe Harbor.