03:49 PM EST - Magellan Aerospace Corporation : announced today that an agreement has been reached between Airbus and Magellan Aerospace (UK) Limited securing a further work package, Crown Fittings, on Airbus' new A350 XWB. It is expected to generate revenues in excess of $20 million U.S. over the next 10 years. The contract requires the machining and treatment of complex machined aluminium lithium detail components, and delivery to the final assembly line in Toulouse, France. The first deliveries of the contracted 800 shipsets will be made in April. Magellan Aerospace Corporation
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