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Magellan Aerospace Corporation (“Magellan” or the “Corporation”) announced the award of a contract for engine repair and overhaul (“R&O”) for the F404 engine that powers Canada’s fleet of CF-188 Hornet aircraft. The one-year contract renewal for approximately $55 million, which was competitively bid, commenced on April 1, 2014, and includes an option for an additional year. The work will be carried out at Magellan’s facility in Mississauga, Ont.
Under the terms of the contract, the Corporation will provide maintenance, engineering, material management, provision of Field Service Representatives, and Publication support for the CF-188 F404 engine and ancillary components. Magellan has provided CF-188 F404 engine R&O services to the Canadian Armed Forces for more than 30 years.
“Magellan is pleased to have been selected to provide this service for the Canadian Department of National Defence. Magellan’s long-standing relationship with the Canadian Armed Forces is very much the product of providing excellent value in terms of competitive pricing and world class technical experience”, said Jim Butyniec, president and chief executive officer of Magellan Aerospace.
In addition to supporting Canada’s CF-188 F404 fleet, Magellan is a proven supplier, as well as Centre of Excellence, in the worldwide F404 engine R&O support market. There are approximately 4,000 F404 engines currently in service in 15 countries around the world.
