03/09/2012
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.
JHE currently employs 81 staff at its Greyabbey operations. An additional 164 staff are employed across its sister companies in Blackpool and Poland.
Commenting on the announcement, Arlene Foster said: "The acquisition of John Huddleston Engineering Ltd by Magellan Aerospace demonstrates the confidence placed in our local precision manufacturing capabilities by a leading international aerospace company.
"The Huddleston family has worked tremendously hard over the years to make JHE one the leading UK’s precision engineering companies. This very positive news is an endorsement of that hard work and of the expertise available in Northern Ireland’s aerospace sector. It also complements the numerous achievements announced by local firms at this year’s Farnborough Air Show.
"My department and Invest Northern Ireland look forward to establishing a strong working relationship with Magellan and to exploring potential areas of development which will help build on Northern Ireland’s standing as a centre of aerospace excellence."
(CD)
JHE, based in Greyabbey, Co. Down, is one of the leading UK precision engineering companies supplying the global aerospace and defence sectors.
JHE currently employs 81 staff at its Greyabbey operations. An additional 164 staff are employed across its sister companies in Blackpool and Poland.
Commenting on the announcement, Arlene Foster said: "The acquisition of John Huddleston Engineering Ltd by Magellan Aerospace demonstrates the confidence placed in our local precision manufacturing capabilities by a leading international aerospace company.
"The Huddleston family has worked tremendously hard over the years to make JHE one the leading UK’s precision engineering companies. This very positive news is an endorsement of that hard work and of the expertise available in Northern Ireland’s aerospace sector. It also complements the numerous achievements announced by local firms at this year’s Farnborough Air Show.
"My department and Invest Northern Ireland look forward to establishing a strong working relationship with Magellan and to exploring potential areas of development which will help build on Northern Ireland’s standing as a centre of aerospace excellence."
(CD)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
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.
16 May 2006
High flying NI firms land in Berlin
As the first phase of a major initiative to target the European Aerospace Sector, Invest Northern Ireland is helping five leading precision engineering firms to exhibit at the Berlin Air Show this week.
High flying NI firms land in Berlin
As the first phase of a major initiative to target the European Aerospace Sector, Invest Northern Ireland is helping five leading precision engineering firms to exhibit at the Berlin Air Show this week.
03 September 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.
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.
07 March 2013
Tedfords Sets Sail On New Business
Belfast based Tedfords Ltd has identified a new sustainable source of PVC, cut costs and is expanding its product range, with help from Invest Northern Ireland. The company was founded in the 1850s as a ship chandler and maker of sails and tents.
Tedfords Sets Sail On New Business
Belfast based Tedfords Ltd has identified a new sustainable source of PVC, cut costs and is expanding its product range, with help from Invest Northern Ireland. The company was founded in the 1850s as a ship chandler and maker of sails and tents.
13 March 2002
British aerospace industry suffers further job losses
The British aerospace industry has been rocked by the news that Smiths Aerospace are to cut another 1200 jobs. The company, which employs 13,000 people in the UK, has stated that the cuts will result in the closure of their Basingstoke electronics plant.
British aerospace industry suffers further job losses
The British aerospace industry has been rocked by the news that Smiths Aerospace are to cut another 1200 jobs. The company, which employs 13,000 people in the UK, has stated that the cuts will result in the closure of their Basingstoke electronics plant.