On Friday, 12 April 2019, Magellan Aerospace announced an agreement with Atlas Elektronik Canada Ltd. for the design and development phase of the SeaSpider® Anti Torpedo Torpedo program. The initial CDN $19 million phase of the program was launched in January 2019 and is expected to conclude in 2023.
It is absolutely essential that Magellan’s global solutions remain cost-competitive and aligned with our customers requirements. To ensure that we maintain a sustainable performance into the 2020s, we have an organization ready to deliver stepped changes in operational cost performance, maintain superior quality, and invest in the technology of the future.
Phillip C. Underwood