Magellan Aerospace to create 47 new jobs in £6m expansion
A Co Down aerospace company is investing almost £6m and recruiting nearly 50 people in a major expansion.
Magellan Aerospace, part of a Canadian-owned listed company, supplies products and services to aerospace giants including Airbus, Boeing, GKN, Spirit AeroSystems and Bombardier.
Magellan has operated in Northern Ireland since 2012, when it acquired John Huddleston Engineering, and its expansion will involve building a new assembly facility.
Haydn Martin, the company's vice president of business development in Europe, said acquiring the Northern Ireland company had enabled it to strengthen its core manufacturing and expand its European operations.
"This investment takes the Greyabbey plant to the next level and will enable us to support growth in our key customer programmes," he added.
Enterprise Minister Arlene Foster said of the investment: "It 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."
She said the expansion would reinforce Magellan's position as a supplier of machining, assembly, supply chain management and logistics services 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 this year the Department of Enterprise, Trade and Investment had launched a strategy to more than double revenues from aerospace, defence, security and space sectors to over £2bn per year over the next 10 years.
Magellan has four other operations in England and a facility in Poland.
Meanwhile, a company that diversified into aerospace less than a year ago has won a place in the supply chain of Canadian planemaker Bombardier.
Hutchinson AeroTech was launched in December 2013, spawned from family firm Hutchinson Engineering, which spent decades specialising in agricultural equipment.
The company has invested around £1.5m in machinery.