Magellan signs $250 M deal with Pratt & Whitney Canada
- January 7, 2015
Magellan Aerospace has signed a ten-year agreement with Pratt & Whitney Canada, a deal valued at $250 million that will see the aerospace OEM producing magnesium and aluminum castings for the engine maker's products.
he castings will be produced primarily by Magellan's Haley, Ontario division, with several being produced at its Glendale, AR, plant.
P&WC has been a key customer of Magellan Aerospace, Haley for more than 50 years. This new long-term agreement recognizes Magellan's position as a leader in the industry and provides the framework for a new level of strategic alignment with P&WC. In addition to the legacy casting programs for P&WC's current engine platforms, the agreement includes the production of castings for Pratt & Whitney's PurePower engine family which encompasses the Airbus A320neo, Mitsubishi Regional Jet, and Bombardier CSeries programs.
Magellan's president and CEO, Phillip Underwood commented that, "this 10-year agreement demonstrates P&WC's confidence in Magellan's ability to produce some of the most complex sand cast geometries in the industry. Magellan has invested and will continue to invest in innovative new technologies such as robotics and 3D sand printing to meet its commitment to achieve the highest standard of product and performance."
"The solid working relationship we have developed with Magellan over the past 50 years will continue to benefit both companies for many years to come," said Irene Makris, VP, Supply Management, Pratt & Whitney Canada. "These are highly complex engine components and we're confident that Magellan can consistently meet our demanding technical and quality specifications."