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BAE, Magellan Aerospace Sign F-35 Tail Production Agreement; Jim Butyniec Comments

BAE, Magellan Aerospace Sign F-35 Tail Production Agreement; Jim Butyniec Comments - top government contractors - best government contracting event

F35 Magellan Aerospace will produce horizontal tails for the F-35 conventional-takeoff-and-landing variant jet under a 20-year agreement the company signed with BAE Systems.

The agreement is worth up to $1.17 billion and Magellan has achieved sales of more than $100 million for the F-35 program to date, Magellan Aerospace said Monday.

BAE and Magellan announced the memorandum of understanding Monday at the Paris Air Show and aim to continue their strategic relationship.

Jim Butyniec, Magellan Aerospace president and CEO, said the first Magellan-built horizontal tail assembly will fly on an F-35 in early 2014.

“We've produced parts that are flying on all three variants, and for planes that will fly in four of the partnering nation's air forces,“ Butyniec added.

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