Magellan Aerospace Delivers 200th Horizontal Stabilizer Shipset for Global F-35 Aircraft Program

TORONTO--(BUSINESS WIRE)--Magellan Aerospace Corporation (“Magellan”) announced today the delivery of the 200^th set of F-35 Lightning II horizontal stabilizer assemblies under an agreement with BAE Systems. Magellan and BAE Systems have been working together to produce horizontal stabilizers for the global F-35 program since 2009. Both companies have since made significant investment in facilities, technologies and training to ensure the successful delivery of these flight-critical assemblies to the F-35 prime contractor Lockheed Martin.

“Achieving this significant delivery milestone in today’s unprecedented and challenging business environment speaks to the reliability of our processes and the resiliency of the Magellan team,” said Mr. Phillip Underwood, Magellan’s President and CEO. “Magellan has been steadily increasing its annual deliveries for the global F-35 program since the first horizontal stabilizer shipset delivery in 2012 and is currently operating at full production rate.”

Tom Fillingham, Senior Vice President, US Programmes, BAE Systems Air said, “At BAE Systems, we’re proud to collaborate with Magellan and international suppliers to fulfil our role on such a critical programme which global air forces depend on. Magellan’s delivery of its 200^th set of F-35 horizontal stabilizer assemblies is a significant milestone and is testament to the dedication and teamwork from all involved.”

The horizontal stabilizers produced at Magellan are major assemblies on the Conventional Takeoff and Landing (CTOL) variant of the F-35. Magellan is targeting to produce more than 1,000 ship sets of horizontal tail assemblies over the life of the F-35 program along with various other metallic and composite components for the program.

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 North America, Europe, and India.

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