Magellan Aerospace Corporation
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Phillip Campion Underwood
- Full Time Employees
- 3,973
- Sector
- Electronic technology
- Industry
- Aerospace & defense
- Address
- 3160 Derry Road East Mississauga ON Canada L4T 1A9
- IPO Date
- Mar 17, 1980
- Website
- magellan.aero
- Similar Companies
- Business
- Magellan Aerospace Corporation is a global aerospace company that designs, engineers, manufactures, and supports complex aeroengine and aerostructure assemblies and components for commercial, military, and space markets; provides advanced proprietary products including Black Brant sounding rockets, RATO booster motors, CRV7 rocket weapon systems, and small satellite bus platforms; and offers maintenance, repair, and overhaul services for engines and components worldwide. The company operates through an integrated aerospace segment serving aircraft and engine manufacturers, defense agencies, and space organizations, with core offerings encompassing engine cold sections, hot sections, shafts, and manufactured assemblies; it maintains facilities across North America, Europe, and India, including key sites in Mississauga and Winnipeg, Ontario, and Tumkur, India. Founded in 1995 and headquartered at 3160 Derry Road East in Mississauga, Ontario, Canada, Magellan employs approximately 3,800 people and trades on the Toronto Stock Exchange under the ticker MAL. Recent developments include a March 2025 partnership with Aequs Private Limited to establish a 50/50 joint venture sand casting facility in India targeting commercial and defense markets; long-term agreements signed in April 2025 with Pratt & Whitney Canada for precision manufacturing expansions at its Tumkur facility, supported by investments in new machining cells; and an amendment to its revenue sharing agreement with GE Aerospace to produce F414 engine frames as the sole source for the Korean KF-21 fighter jet program, US Navy spares, and Gripen engines over seven years.
Company News
Magellan Aerospace: Strong Buy Despite A Chapter 11 Bankruptcy
Magellan Aerospace Corporation Announces Financial Results
Magellan Aerospace Announces Quarterly Dividend
Magellan Aerospace: Here's Why Commercial And Defense Growth Still Justify A Strong Buy
Magellan Aerospace Announces Renewal of Normal Course Issuer Bid
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