Magellan Aerospace Awarded Contract for Joint Strike Fighter F-35 Lightening II Components



    PARIS AIR SHOW, LE BOURGET, France, June 18 /CNW/ - Magellan Aerospace
announced today the award of multi-year buys of complex machined titanium
components for all three variants of the F-35 Lightening II aircraft - the
Conventional Take-Off and Landing (CTOL), the Short Take-Off and Vertical
Landing (STOVL) and the Carrier Variant (CV). This $60M USD contract will be
carried out at Magellan Aerospace's Chicopee Manufacturing division in
Kitchener, Ontario over the period of 2009 to 2015. The shipsets will be
comprised of components for machined Wing Tie Bars for the Leading Edge Flap
installation and Aft Engine Thrust Mounts.
    This latest contract is a continuation of a long-established relationship
with Lockheed Martin on the JSF program. Chicopee Manufacturing was the first
international partner on the JSF program to deliver parts to the then-fledging
project in late 2003. Prior to these deliveries, Chicopee had made significant
investment in both equipment and technology that proved to be pivotal in
securing its role on the program.
    Chicopee Manufacturing has industry-leading expertise in titanium
machining operations and world class machining capability, with an emphasis on
high-speed machining of hard metals such as titanium, Inconel and stainless
steel.
    With estimated revenues in excess of $250 to 300 billion over 25 years,
the Joint Strike Fighter program will develop and manufacture the next
generation fighter aircraft for the U.S. Navy, Air Force and Marines and for
export to U.S. allies. In 2001 the U.S. Department of Defense named the
Lockheed Martin JSF team as the winner of the contract to develop the F-35
Joint Strike Fighter. Lockheed Martin in Fort Worth, Texas, is the F-35 prime
contractor while Northrop-Grumman in El Segundo, Calif., and BAE Systems
(British Aerospace) in Samelsbury, U.K. are principal partners in the project.

    About Magellan Aerospace Corporation:

    Magellan Aerospace Corporation is one of the world's most integrated
aerospace industry suppliers. Magellan designs, engineers, and manufactures
aeroengine and aerostructure assemblies and components for aerospace markets,
advanced products for military and space markets, and complementary specialty
products. Magellan is a public company whose shares trade on the Toronto Stock
Exchange (TSX: MAL), with operating units throughout Canada, the United
States, the United Kingdom and India.

    Forward Looking Statements:

    This press release contains information and statements of a
forward-looking nature and is based on assumptions and uncertainties as well
as on management's reasonable evaluation of future events. These statements
are not guarantees of future performance and involve risks and uncertainties
that are difficult to predict, and/or are beyond the Corporation's control. A
number of important factors could cause actual outcomes and results to differ
materially from those expressed in these forward-looking statements.

    %SEDAR: 00002367E




For further information:

For further information: Paris Air Show, Le Bourget, Mr. William
Matthews, Ph: (416) 271-7470 (Cell)


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