Magellan Aerospace Lands Key Airbus Contract

Magellan Aerospace (TSE:MAL) has released an update.

Magellan Aerospace has secured a multi-year contract with Airbus to supply structural wing components for its single aisle aircraft from its state-of-the-art facility in Wrexham. The deal underscores Magellan’s commitment to align with customer demand by enhancing its long bed machining capabilities. This partnership is set to support Airbus’ anticipated increase in production for single aisle planes, reinforcing Magellan’s reputation as a reliable source in the aerospace industry.

For further insights into TSE:MAL stock, check out TipRanks’ Stock Analysis page.