thyssenkrupp Aerospace enters into LTA with Magellan Aerospace

AMjuly18News - thyssen2
AMjuly18News - thyssen2

thyssenkrupp Aerospace and Magellan Aerospace have agreed on a long-term agreement (LTA) for the coming years.

The aviation experts of the thyssenkrupp Group will handle the entire warehouse and supply chain management of raw materials as well as other processing services for the Magellan facilities in Europe and India. Magellan Aerospace is a global aerospace company that develops, designs and manufactures aircraft components worldwide.

The contract value is circa USD $30 million per annum, with the potential to grow further through additional material supply and value-added services, such as billet preparation and waterjet cutting. thyssenkrupp Aerospace will be commencing supply from July this year.

The main product group is aluminium plate which will be serviced from the thyssenkrupp Aerospace UK Belfast and Birmingham operations, with the tube and extrusion products supplied from the thyssenkrupp Aerospace UK site in Milton Keynes. Approximately 10% of the volume will be provided by the thyssenkrupp Aerospace facilities in Poland and India.

"The new long-term agreement with Magellan Aerospace is an important step in our strategic evolution and a vote of confidence in our strength as a global partner to the aerospace industry," said Laura Holmes, CEO thyssenkrupp Aerospace.

The strategy of thyssenkrupp Aerospace is to comprehensively understand the high demands and challenges of its customers and to offer tailor-made solutions.

"This allows our partners to fully concentrate on their core competencies," added Holmes.


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