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Gold/Mining/Energy : Magellan Aerospace Corp (MAL) New Listing -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Lefebvre who wrote (446)	11/5/1998 11:51:00 PM
From: dragonden	Respond to of 633

Canada NewsWire Give us your message. We'll give you the world. Canadian Quotes from Telenium MAL. (TSE) Attention Business Editors: Magellan Aerospace Corporation - new contract wins total $24 million TORONTO, Nov. 5 /CNW/ - Magellan Aerospace Corporation (''Magellan'') (MAL) has today received a contract worth a potential value of $24 million CDN for supplying metal bond structures for the Boeing 747-400 series. The contract is awarded through Boeing Canada Technology-Winnipeg Division. This contract is an important additional win for Magellan who last month announced other orders from The Boeing Co. valued at $36 million. Magellan currently supplies components for Boeing aircraft including MD11, 717, Boeing 777, 767, 747 and the 737 Next Generation models and is working with Boeing to yield cost efficiency and good delivery performance on the products Magellan supplies. This latest order builds on the growing tradition of this partnership between Magellan Aerospace and Boeing and will expand the relationship between the two companies. Magellan Aerospace Corporation, whose shares (MAL) are traded on the Toronto Stock Exchange, manufactures, repairs and overhauls products for the international aerospace industry through the following subsidiaries and divisions: Bristol Aerospace Limited of Winnipeg and Rockwood, Manitoba and Medicine Hat, Alberta; Chicopee Manufacturing Limited of Kitchener, Ontario; Fleet Industries Ltd. of Fort Erie, Ontario; Orenda Aerospace Corporation of Mississauga, Ontario; Orenda Recip Inc. of Truro, Nova Scotia; A-R Technologies of Richmond, British Columbia; Aeronca, Inc. of Middletown, Ohio; Middleton Aerospace Corporation of Middleton, Massachusetts; Langley Division of San Diego, California; and Ambel Precision Manufacturing Corporation of Bethel, Connecticut. %SEDAR: 00002367E -30- For further information: Richard A. Neill, PRESIDENT AND CHIEF OPERATING OFFICER, (905) 673-3250 ext. 3571; Bruce W. Gowan, CHIEF FINANCIAL OFFICER, (905) 677-1889 MAGELLAN AEROSPACE CORPORATION has 23 releases in this database. General Inquiries cnw@newswire.ca Technical Issues webmaster@newswire.ca Advertising Opportunities sales@clickthrough.ca