Global Solutions for the Aerospace Market

Farnborough Air Show, Farnborough, UK – 16 July 2008 – The GE Rolls-Royce Fighter Engine Team has received the first deliveries of front fan frames from Magellan Aerospace in Canada for the F136 engine which will power the F-35 Lightning II aircraft. The F136 engine is the most advanced fighter aircraft engine ever developed and […]

Toronto, Ontario – July 10, 2008 — Magellan Aerospace has been awarded a contract to build the development heat shields for the Orion Space Shuttle replacement program by Lockheed Martin Space Systems Division in Denver, Colorado. Magellan’s Aeronca facility in Middletown, Ohio, will develop the lightweight titanium honeycomb heat shield panels that help protect the […]

Toronto, Ontario ─ July 9, 2008 ─ Magellan Aerospace announced today successful formal delivery acceptance of the CASSIOPE small satellite bus by Macdonald, Dettwiler and Associates Ltd. (MDA) of Vancouver. CASSIOPE is a multi-purpose mission to conduct space environment research and advanced telecommunications technology demonstration. The bus has completed integration and testing at Magellan’s Winnipeg […]

Toronto, Ontario – June 24, 2008 – Magellan Aerospace Corporation (“Magellan” or the “Company”) announces that it has amended and restated its credit agreement with its existing lenders. Under the terms of the amended and restated agreement, the maximum amount available under the operating credit facility was increased by $20,000,000 to $185,000,000 with a maturity […]

Toronto, Ontario – May 23, 2008 – Magellan Aerospace Corporation (“Magellan” or the “Company”) announces that it has obtained a 30-day extension to the current term of its Credit Agreement to June 24, 2008. As part of the extension, the Corporation is in negotiations with the bank to increase the Credit Facility limit by $20,000,000 […]

Toronto, Ontario – May 22, 2008 Magellan Aerospace Corporation announced today a contract awarded by GKN Aerospace to its Magellan Aerospace (UK) Limited (“Magellan UK”) operating division. The contract is to supply metal components for retrofit winglets on the Boeing 767, supporting GKN Aerospace’s design and development contract for these winglets with Aviation Partners Boeing […]

Toronto, Ontario – May 22, 2008 – Magellan Aerospace Corporation (“Magellan” or the “Company”) is pleased to announce that it has proceeded with its previously announced consolidation of the common shares of the Company. The consolidation was approved at the annual and special meeting of shareholders of the Company held on May 13, 2008. The […]

Toronto, Ontario – May 1, 2008 Magellan Aerospace Corporation announced today an Agreement between Airbus and its Magellan Aerospace (UK) Limited (“Magellan UK”) operating division that secures its workload through 2012 and provides an increase in order value from £35 million ($70 million) this year to £72 million ($144 million) in four years’ time. The […]

TORONTO, April 16, 2008 – Magellan Aerospace Corporation announces that the Board of Directors of Magellan has resolved to change its previously announced recommendation to consolidate the Common Shares on the basis of one New Common Share for each ten Common Shares presently issued and outstanding to a recommendation to consolidate the Common Shares on […]

Toronto, Ontario – January 31, 2008 – Magellan Aerospace Corporation (“Magellan” or the “Corporation”) announced the closing of the private placement of an aggregate of $20.95 million principal amount 8.5% convertible unsecured subordinated debentures due January 31, 2010 (the “New Debentures”) the proceeds of which were used to fund, in part, the repayment of the […]

Toronto, Ontario – January 28, 2008 – Magellan Aerospace Corporation (“Magellan” or the “Corporation”) is pleased to announce that Mr. James Butyniec has been appointed as the President and Chief Executive Officer of Magellan effective immediately. Mr. Butyniec was most recently Magellan’s President and Chief Operating Officer and has been with the Corporation since 1997 […]