Aerospace News Release

Magellan Aerospace Receives Order For
F-35 Joint Strike Fighter Horizontal Tails

ParisAir Show, Le Bourget – June 17, 2009 — Magellan Aerospace has been awarded a contract to produce F-35 Lightning II horizontal tail components in the third lot of Low Rate Initial Production (LRIP). It is the initial contract awarded to Magellan by BAE Systems for F-35 components. Currently up to 1038 ship sets of horizontal tails are planned to be produced by Magellan over the life of the F-35 (also known as the Joint Strike Fighter) program. 

Magellan has been participating on the F-35 Lightning II aircraft program from the earliest stages in 2001.  Machined details and complex assemblies have been delivered throughout the System Development and Demonstration (SDD) phase.  Magellan is currently producing components for all three of the F-35 variants. The horizontal tails produced at Magellan will be used on the Conventional Takeoff and Landing (CTOL) variant. 

"As the F-35 program deliveries ramp up, Magellan will be producing half of the CTOL horizontal tails required each year.  With program delivery requirements targeted at one a day by 2015, a steady increase in production rates will take place over the next six years,” said Jim Butyniec, President and Chief Executive Officer, Magellan Aerospace Corporation.  The U.S., and eight nations partnering in the project, plan to acquire 3,173 F-35 fighters.

“Whilst this initial contract is small in its relative size, it establishes the critical first steps on the journey that BAE Systems and Magellan have commenced, which is aimed at developing a robust capability and affordable manufacturing solution at Magellan that will have the essential capacity to support and produce F-35 Horizontal Tail components in Canada”, says BAE Systems' International Industrial Participation Programme Manager, John Dunstan.

The F-35 is a supersonic, multi-role, 5th generation stealth fighter. Three F-35 variants derived from a common design, developed together and using the same sustainment infrastructure worldwide, will replace at least 13 types of aircraft for nine nations initially, making the Lightning II the most cost-effective fighter program in history.

Lockheed Martin is developing the F-35 with its principal industrial partners, Northrop Grumman and BAE Systems. Two separate, interchangeable F-35 engines are under development: the Pratt & Whitney F135 and the GE Rolls-Royce Fighter Engine Team F136.

About Magellan Aerospace Corporation:
Magellan Aerospace Corporation is one of the world's most integrated 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, the United Kingdom and India.

Forward Looking Statements:
This press release contains information and statements of a forward-looking nature and is based on assumptions and uncertainties as well as on management's reasonable evaluation of future events. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or are beyond the Corporation's control.  A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements.

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