Magellan Aerospace lands 5-year, $48M Airbus contract

TORONTO—Magellan Aerospace announced today, that they have secured a 5-year agreement with Airbus to supply wing ribs for the A330 aircraft.

Magellan will manufacture ribs two through five, the largest ribs in the skeletal structure of the aircraft wing. Revenue generated from production of these wing ribs is estimated to be more than CDN $48 million dollars over the term of the contract. These ribs will be produced by Magellan in the United Kingdom for the Airbus wing assembly facility.

“This new rib manufacture package complements Magellan’s existing spar and rib manufacturing for the A320 and A350 programs, and demonstrates Airbus’ confidence in Magellan’s advanced manufacturing processes,” said Phillip Underwood, Magellan’s president and CEO.

Magellan Aerospace is a global aerospace company based in Mississauga that manufactures complex assemblies and systems solutions to aircraft and engine manufacturers, and defense and space agencies worldwide.