Menu
03/09/2014
Magellan Aerospace To Invest Over £5m In Its Greyabbey Operation
Enterprise, Trade and Investment Minister Arlene Foster has announced that Magellan Aerospace is investing almost £6million in its Greyabbey operation and creating 47 advanced manufacturing jobs.
The Canadian-owned Magellan Aerospace established its presence in Northern Ireland in 2012 when it acquired local company John Huddleston Engineering Ltd. It currently employs 109 people. The global enterprise currently supplies products and services to leading aerospace customers including Airbus, Boeing, Bombardier, GKN and Spirit AeroSystems.
Arlene Foster said: "This significant investment involves the construction of a new specialised assembly facility and additional advanced machining technology, leading to the creation of 47 jobs which are expected to be put in place over the next four years.
"This investment will further enhance Northern Ireland’s aerospace sector which is of vital importance. It will strengthen Magellan Aerospace (Greyabbey) as a supplier of machining, assembly, supply chain management and logistics to the global aerospace industry. The new advanced manufacturing jobs will contribute additional salaries into the local economy as well as introducing new manufacturing skills into Northern Ireland.
"In February we launched the Northern Ireland Partnering for Growth aerospace strategy, which outlines plans to more than double revenues from the aerospace, defence, security and space sectors here to over £2billion per year over the next 10 years. Investments such as this one by Magellan represent a step forward towards reaching that goal."
(CD)
The Canadian-owned Magellan Aerospace established its presence in Northern Ireland in 2012 when it acquired local company John Huddleston Engineering Ltd. It currently employs 109 people. The global enterprise currently supplies products and services to leading aerospace customers including Airbus, Boeing, Bombardier, GKN and Spirit AeroSystems.
Arlene Foster said: "This significant investment involves the construction of a new specialised assembly facility and additional advanced machining technology, leading to the creation of 47 jobs which are expected to be put in place over the next four years.
"This investment will further enhance Northern Ireland’s aerospace sector which is of vital importance. It will strengthen Magellan Aerospace (Greyabbey) as a supplier of machining, assembly, supply chain management and logistics to the global aerospace industry. The new advanced manufacturing jobs will contribute additional salaries into the local economy as well as introducing new manufacturing skills into Northern Ireland.
"In February we launched the Northern Ireland Partnering for Growth aerospace strategy, which outlines plans to more than double revenues from the aerospace, defence, security and space sectors here to over £2billion per year over the next 10 years. Investments such as this one by Magellan represent a step forward towards reaching that goal."
(CD)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
03 September 2012
Magellan Aerospace Acquisition Welcomed
Enterprise Minister Arlene Foster has welcomed the acquisition of John Huddleston Engineering Ltd (JHE) by Magellan Aerospace Corporation, a global aerospace company based in Canada. JHE, based in Greyabbey, Co. Down, is one of the leading UK precision engineering companies supplying the global aerospace and defence sectors.
Magellan Aerospace Acquisition Welcomed
Enterprise Minister Arlene Foster has welcomed the acquisition of John Huddleston Engineering Ltd (JHE) by Magellan Aerospace Corporation, a global aerospace company based in Canada. JHE, based in Greyabbey, Co. Down, is one of the leading UK precision engineering companies supplying the global aerospace and defence sectors.
28 January 2010
Derry Gets Major Seagate Investment
It has just been announced that a package of investments totalling approximately £60m is to be made in Londonderry. Centred on its plant at Springtown, Seagate Technology's investment of £47.3m will be enhanced with grants totalling £12.7m from Invest Northern Ireland.
Derry Gets Major Seagate Investment
It has just been announced that a package of investments totalling approximately £60m is to be made in Londonderry. Centred on its plant at Springtown, Seagate Technology's investment of £47.3m will be enhanced with grants totalling £12.7m from Invest Northern Ireland.
22 January 2016
UK Civil Aerospace Firms Visit NI
The UK Civil Aerospace cluster of companies were briefed about the capabilities of the local aerospace sector as well as the businesses benefiting from their involvement in the SC21 Supply Chain excellence programme, hosted by Invest NI.
UK Civil Aerospace Firms Visit NI
The UK Civil Aerospace cluster of companies were briefed about the capabilities of the local aerospace sector as well as the businesses benefiting from their involvement in the SC21 Supply Chain excellence programme, hosted by Invest NI.
24 August 2001
Shorts reveal rise in profits
The Belfast aerospace company, Shorts, have announced a rise in profits of six per cent over the past year. The firm also made a total of £57 million while sales rose by around 25 per cent to £500 million due to the buoyant markets for regional and business aircraft.
Shorts reveal rise in profits
The Belfast aerospace company, Shorts, have announced a rise in profits of six per cent over the past year. The firm also made a total of £57 million while sales rose by around 25 per cent to £500 million due to the buoyant markets for regional and business aircraft.
05 January 2016
Pale Blue Dot Announces Five New Posts
Belfast based creative agency Pale Blue Dot is taking on five new staff as part of an ambitious growth strategy. Invest Northern Ireland has offered the company £37,500 of support for the new jobs which will see the company increase its workforce to 11 staff in the next 18 months.
Pale Blue Dot Announces Five New Posts
Belfast based creative agency Pale Blue Dot is taking on five new staff as part of an ambitious growth strategy. Invest Northern Ireland has offered the company £37,500 of support for the new jobs which will see the company increase its workforce to 11 staff in the next 18 months.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
