SYMBOL: NAS Common Shares
CHICAGO, March 24 /CNW/ - (All amounts in this news release are stated in U.S. dollars.) Northstar Aerospace (Canada) Inc., a subsidiary of Northstar Aerospace, Inc. ("Northstar"), has been awarded a $7 million contract to manufacture rotor heads for the AgustaWestland Lynx helicopter, a multi-purpose helicopter used in military applications.
Northstar will manufacture the rotor heads at its Milton, Ontario site with delivery to AgustaWestland's Yeovil, England facility to begin in 2011.
"This contract builds on our long-term relationship with AgustaWestland and the Lynx helicopter platform. High precision machining and assembly of rotor heads helps sustain our diverse product base and provides work that is well suited to our skilled Milton employees," said Glenn Hess, President and Chief Executive Officer, Northstar Aerospace, Inc.
Northstar Aerospace, Inc. (www.nsaero.com) is North America's leading independent manufacturer of flight critical gears and transmissions. Northstar Aerospace is a public company (TSX:NAS) with operating subsidiaries in the United States and Canada. Its principal products include helicopter gears and transmissions, accessory gearbox assemblies, rotorcraft drive systems and other machined and fabricated parts. It also provides maintenance, repair and overhaul of transmissions and drive systems. The Company's executive offices are located in Chicago, Illinois. Its plants are located in Chicago, Illinois; Phoenix, Arizona; Anderson, Indiana; and Milton and Windsor, Ontario.
AgustaWestland is a subsidiary of Finmeccanica, a world leader in the design and development of helicopters and tilt-rotors for civil and military use.
SOURCE Northstar Aerospace
For further information: For further information: Craig Yuen, Chief Strategy Officer, Vice President Strategic Planning and Implementation - (708) 728-2121 or email@example.com