Magellan Aerospace reports that it is continuing its repair and overhaul services for F404 engines that power Canada's fleet of CF-188 Hornet aircraft.

The work comes under the exercise of a one-year contract option and carries a projected value of about $13.3 million.

CF-188 of the Royal Canadian Air Force is based on the U.S. military's F/A-18 fighter.

"Magellan Aerospace is an approved source for F404 and J85 engine repair and has been the RCAF's choice for F404 engine repair and overhaul service for more than 30 years," said Phil Underwood, president and chief executive officer of Magellan Aerospace. "This continuing relationship with Canada's Air Force demonstrates confidence in Magellan's world-class technical experience and value in terms of competitive pricing."

Magellan Aerospace said that under the option, it will provide maintenance, engineering, material management, provision of field service representatives, and publication support for the CF-188 F404 engine and ancillary components.

The work will be carried out at Magellan's facility in Mississauga, Ont.