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Magellan Aerospace in Supply Deal With Boeing for Parts for 767 Program

Provided by Dow Jones

May 30, 2023 11:57am

By Robb M. Stewart

Magellan Aerospace signed a contract extension with Boeing to manufacture nacelle exhaust systems for the aircraft company's 767 program.

The aerospace company said the deal will see it supply acoustic plug and nozzle exhaust assemblies produced at its factory in Ohio for 767 jets.

Magellan's shares last closed at C$7.58 on the Toronto Stock Exchange, down 24% so far this year.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

May 30, 2023 07:57 ET (11:57 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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