Magellan Aerospace Wins Lockheed Martin Orion Contract

    TORONTO, July 10 /CNW/ - Magellan Aerospace has been awarded a contract
to build the development heat shields for the Orion Space Shuttle replacement
program by Lockheed Martin Space Systems Division in Denver, Colorado.
Magellan's Aeronca facility in Middletown, Ohio, will develop the lightweight
titanium honeycomb heat shield panels that help protect the space capsule from
the temperature extremes experienced during re-entry. This US $12M contract
includes engineering, tooling, hardware, and fabrication of two development
heat shield panels.
    In October 2007 Aeronca, Inc. was selected as the supplier of choice for
the heat shields for the Orion Program shortly after NASA had selected
Lockheed Martin as the prime contractor to design, develop and build the Orion
Crew Exploration Vehicle (CEV). Orion is the planned replacement for the space
shuttle that will become the backbone of the agency's human spaceflight
program. Lockheed Martin was selected over a rival bid from Northrop Grumman
and Boeing to win a contract NASA said would be potentially worth
$8.15 billion. In 2010 the current space shuttle configuration will be retired
and the new Orion variant is scheduled for launch in 2011.
    Magellan expects to receive follow-on contracts for up to 28 production
units subsequent to the completion of the development panels required for full
scale testing.

    About Magellan Aerospace Corporation:

    Magellan Aerospace Corporation is one of the world's most integrated and
comprehensive 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 and the United Kingdom.

    %SEDAR: 00002367E

For further information:

For further information: Elena Milantoni, Corporate Controller and
Treasurer, Tel: (905) 677-1889 ext. 226, e-mail:

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