Magellan Aerospace Corporation applauds the Government of Canada's announcement that it has reached a final agreement to acquire 88 F-35 fighter jets for the Royal Canadian Air Force. By selecting the F-35, Canada is continuing a relationship that was established between the original partnering nations for the development of the F-35. The announcement secures significant benefits to the Canadian aerospace industry.

To date, Canadian companies have been awarded high value contracts as part of the F-35 global supply chain amounting to USD 2.7 billion as a result of Canada's partnership in the F-35 program. The Canadian economy is anticipated to benefit by more than CAD 16.9 billion CAD over the life of the program. The actions taken by the government on the F-35 program will continue to deliver economic and technical advantages to Canada for decades to come.

Magellan sends congratulations to the Lockheed Martin team. Magellan has provided complex structural assemblies and other components for the global F-35 program since the initial system design and development phase.