Magellan Aerospace Corp. has signed a memorandum of understanding (MOU) with Aequs Private Limited to explore the development of a business plan for setting up a 50/50 jointly-owned aerospace sand casting facility situated at the Belagavi Aerospace Cluster, in Karnataka, India.
The proposed facility aims to meet the sand casting demands in the growing aerospace industry. This increased sand-casting capacity would support both commercial and defense sectors.