Magellan Aerospace Corporation
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.- CEO
- Phillip Campion Underwood
- Full Time Employees
- 3,815
- Sector
- Industrials
- Industry
- Aerospace & Defense
- Address
- 3160 Derry Road East Mississauga ON Canada L4T 1A9
- IPO Date
- May 27, 2008
- Website
- magellan.aero
- Similar Companies
- Business
- Magellan Aerospace Corporation Magellan Aerospace Corporation is a Canadian manufacturer of complex aerospace systems and components that designs, engineers, manufactures aeroengine and aerostructure assemblies, including engine cold sections, hot sections, shafts, laser welded honeycomb structures, filament wound tubes, frames, compressor components, and bypass ducts; aerostructures; rockets and space products such as Black Brant rocket motors, RATO booster motors, CRV7 rocket weapon systems, and small satellite bus platforms; and specialty products, while also providing maintenance, repair, overhaul, and aftermarket support services for engines and components worldwide. The company operates facilities across North America including Canada and the United States, the United Kingdom, Europe, and India, targeting civil aviation, defense, military, and space markets with customers encompassing major aircraft and engine manufacturers as well as space agencies. Headquartered in Mississauga, Ontario, Magellan Aerospace Corporation traces its origins to 1996 when it was formed from the restructuring of Fleet Aerospace Corporation. In April 2025, the company signed an amendment to its long-term revenue sharing agreement with GE Aerospace to produce F414 engine frames at its Mississauga and Winnipeg facilities as the sole source provider for the Korean KF-21 aircraft program, US Navy spares, and Gripen F414-39E engines over a seven-year period. Also in April 2025, Magellan Aerospace Corporation secured long-term agreements with Pratt & Whitney Canada including contract extensions and new program awards for complex machined components from its Tumkur, India facility through 2034, supported by investments in a new machining cell. Additionally in 2025, its Euravia North America division expanded operations by leasing a 10,000-square-foot facility and adding advanced machining capabilities for MRO services and space products, while partnering with Aequs Private Limited to explore a sand casting facility in India.
Magellan Aerospace Corporation Announces Financial Results
Magellan Aerospace Announces Quarterly Dividend
Magellan Aerospace Announces Report on Voting Results for Directors
Magellan Aerospace Corporation (MAL:CA) Shareholder/Analyst Call Prepared Remarks Transcript
Magellan Aerospace: Strong Buy As Margins Expand And Valuation Gap Persists
Magellan Aerospace Corporation Announces Financial Results
Magellan Aerospace Announces Quarterly Dividend
Magellan Aerospace (OTCMKTS:MALJF) Trading 6.8% Higher – Here’s What Happened
Magellan Aerospace: Strong Buy After Tariff Fears Trigger Profit Taking
Magellan Aerospace (OTCMKTS:MALJF) Trading Up 6% – Time to Buy?
Magellan Aerospace: 'Strong Buy' On Aerospace Production Ramp Up
Magellan Aerospace Corporation Announces Financial Results
Magellan Aerospace Announces Quarterly Dividend
Magellan Aerospace: Q2 Earnings Disappoint, But Long-Term Upside Remains Strong
Magellan Aerospace Corporation Announces Financial Results
Magellan Aerospace Announces Quarterly Dividend
Magellan Aerospace Announces Renewal of Normal Course Issuer Bid
Magellan Aerospace Corporation Announces Financial Results
Magellan Aerospace Announces Report on Voting Results for Directors
Magellan Aerospace Announces Quarterly Dividend