The fuselage of an Airbus A320 sits inside an Airbus A300-600 Beluga super transporter aircraft. Magellan Aerospace, which supplies products and services to major corporations such as Airbus, is to invest 6 million in Northern Ireland. Photo: Bloomberg

Magellan Aerospace, the Canadian group, which supplies products and services to major corporations from Airbus to Bombardier, is to invest 6 million in Northern Ireland and create 47 jobs at its Greyabbey operation.

The Ontario headquartered group which engineers and manufactures aeroengine and aerostructure components for aerospace markets, has had a presence in the North since it acquired John Huddleston Engineering in 2012.

Magellan, which currently employs 109 people, lists major aerospace groups from Boeing to GKN and Spirit AeroSystems among its key customers.

It intends to construct a new specialised assembly facility and invest in additional advanced machining technology at its Greyabbey plant.

It will receive 700,000 in support from Invest NI towards the cost of the investment project.

Haydn Martin, Magellans vice president business development Europe, said the acquisition of John Huddleston Engineering had strengthened its core manufacturing capabilities and expanded 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, Mr Martin added.

The Norths Enterprise Minister Arlene Foster believes the latest investment by Magellan will also enhance the local aerospace sector.

It will strengthen Magellan Aerospace (Greyabbey) as a supplier of machining, assembly, supply chain management and logistics to the global aerospace industry.

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Magellan Aerospace to create 47 jobs in Co Down