MAGELLAN AEROSPACE AND ROCKETFRAC SERVICES SIGN MANUFACTURING CONTRACT
Toronto, Ontario — 17 May 2022 – Magellan Aerospace Corporation and RocketFrac Services Ltd. announced today, a contract for the manufacture of charges for an innovative new fracturing technology that uses solid rocket propellant as an alternative to using hydraulic fracking. RocketFrac and Magellan partnered to develop a new fracturing technology that couples RocketFrac’s patent-pending downhole tool with a new and specifically formulated propellant under an exclusive global license from Magellan. All of the charges will be manufactured and delivered from Magellan’s Winnipeg facility by the end of 2022. Full story.