Magellan Aerospace Signs Memorandum of Understanding (MoU) with Saab to Explore Gripen Manufacturing Opportunities in Canada

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Postmedia has not reviewed the content. by Business Wire Magellan Aerospace Signs Memorandum of Understanding (MoU) with Saab to Explore Gripen Manufacturing Opportunities in CanadaAuthor of the article:TORONTO — Magellan Aerospace Corporation (“Magellan”) today announced the signing of a Memorandum of Understanding (MoU) with Saab to explore local manufacturing of advanced aerostructures, composite structures and structural assemblies in Canada, should the Government of Canada select the Gripen to be part of the Royal Canadian Air Force’s future fighter capability.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountBuilding on Magellan’s decades of leadership in high-performance aerospace manufacturing and advanced engineering in Canada, this MoU creates a framework for the companies to identify potential areas of cooperation that could strengthen Canada’s defence-industrial base and establish enduring aerospace capabilities. Potential work packages include the production of complex structural units and composite wing skins, as well as engineering, industrialization and production activities related to external fuel tanks.This advertisement has not loaded yet, but your article continues below.The scope, responsibilities and allocation of any future work would be subject to further agreement between the companies and to Canada’s procurement decision.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again“Magellan Aerospace has a proud, long-standing history of manufacturing excellence in Canada, supporting the country’s aerospace and defense sector with cutting-edge technology and skilled talent,” said Haydn Martin, Vice President Business Development, Magellan Aerospace. “This MoU reflects our commitment to exploring how we can deliver robust industrial and technological benefits to Canada, driving high-tech advanced manufacturing jobs and reinforcing Canada’s sovereign aerospace and defense capabilities.”“This agreement with Magellan is part of our long-term ambition to develop a new industrial ecosystem around Gripen in Canada. If we succeed together, it will not only support Canada’s sovereign Gripen capability, but also contribute to the worldwide Gripen fleet for decades to come,” said Johan Segertoft, Head of Saab Business Unit Gripen.The proposed collaboration remains subject to the Government of Canada’s official procurement decisions regarding its future fighter capability requirements. Both companies remain committed to working alongside Canadian industry, educational institutions and regional hubs to expand the nation’s defence industrial capacity.About Magellan Aerospace CorporationMagellan Aerospace Corporation is a global aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defence and space agencies worldwide. Magellan designs and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced proprietary products for military and space markets, and provides engine and component repair and overhaul services worldwide. Magellan is a public company whose shares trade on the Toronto Stock Exchange (TSX: MAL), with operating units throughout North America, Europe, and India.View source version on businesswire.com: Magellan Aerospace Public RelationsThis advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.