Aerospace firms Magellan Aerospace and Mahindra Aerospace have teamed up to offer services that will cater to the production of major structural assemblies, machined components, and fabrications for the global market.

Magellan Aerospace is an integrated aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defence and space agencies worldwide.

It designs, engineers, and manufactures aeroengine and aerostructure assemblies and components for aerospace markets as well as advanced products for military and space markets.

The public listed company whose shares are traded on the Toronto Stock Exchange, and has operating units throughout Canada, the US, the UK, Poland, and India.

It has signed a memorandum of understanding (MOU) with India-based aerospace manufacturing company, Mahindra Aerospace. The MoU aims to provide a framework for the two companies to offer several services to their mutual customers.

Indian supply

In a major fillip to Narendra Modi’s 'Make In India', Mahindra has said the agreement supports its strategy to develop supply from India.

Airbus, Boeing, Bombardier, General Electric, and Honeywell feature among Magellan Aerospace's major clients.

Magellan and Mahindra are to develop a framework to partner on jointly responding to and developing new aerostructures business opportunities. While Magellan will manufacture and supply large, complex machined components from its European and North American facilities, supported by detailed machined parts from Magellan’s existing Indian joint ventures, API and Triveni, Mahindra will provide sheet metal and the fabricated detailed parts to support these assemblies.

Mahindra will also develop a major structural assembly capability at its Bangalore-based facility.

Haydn Martin, Magellan’s Vice-President, Business Development, Europe, noted in a statement that the partnership capitalises on the established technical experience of Magellan, with Mahindra’s emerging Indian capabilities, to deliver a unique, cost-effective solution to its global customer base.

Stephen Roebuck, Mahindra’s Director, Business Development – Aerostructures, added that the agreement allowed the firm to accelerate the development of the new aerospace structures capability in India, which would provide cost-effective solutions to the global aerospace industry.

In the fourth quarter, Magellan Aerospace had reported a more than six per cent increase in both revenue and net income. For the full year, Magellan reported net income of $56.6 million on revenue of $843 million, up from $45.5 million on 2013 revenue of $752.1 million.

Incidentally, at the end of May, Magellan Aerospace had acquired Euravia Engineering & Supply for $56.5 million. An aviation company, Euravia provides maintenance, repair and overhaul (MRO) solutions for a wide range of aircraft and helicopter gas turbine engines. The firm is located in Lancashire, UK, and holds 19 international approvals supporting over 150 civil and defence customers in 50 different countries.

While the acquisition is set to open potential new business opportunities in North America, the Indian MOU, inked at the ongoing Paris aviation show, is also expected to tie in with its cost-effective services.

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