Global Solutions for the Aerospace Market

Toronto, Ontario – Friday, November 3, 2017 – Magellan Aerospace Corporation (“Magellan Aerospace”) (TSX: MAL) announced today that its Board of Directors has approved a quarterly common stock cash dividend for the fourth quarter of 2017 of $0.085 (eight and one-half cents) per share, a 30.8 percent increase in the rate of the Corporation’s current […]

Toronto, Ontario – 20 September 2017 — Magellan Aerospace (“Magellan”) announced today that it was selected by Airbus to provide exhaust systems for the A320neo PW family of aircraft. Magellan will design, develop and manufacture exhaust systems for the A320neo PW1100G-JM nacelle with the first unit scheduled to enter into service in 2022. Revenue generated […]

Toronto, Ontario – Friday, August 4, 2017 – Magellan Aerospace Corporation (“Magellan Aerospace”) (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.065 (six and one-half cents) per share on the Corporation’s common shares. The dividend is payable on September 29, 2017, to stockholders of record at the close […]

Mississauga, Ontario – May 2, 2017 – Magellan Aerospace Corporation (the “Corporation”) announces that today at the annual meeting of shareholders of the Corporation (the “Meeting”) the proposed nominees for directors of the Corporation received the following votes: Name of Proposed Nominee Votes For Percentage of Votes For Votes Withheld Percentage of Votes Withheld N. […]

Toronto, Ontario – Tuesday, May 2, 2017 – Magellan Aerospace Corporation (“Magellan Aerospace”) (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.065 (six and one-half cents) per share on the Corporation’s common shares. The dividend is payable on June 30, 2017, to stockholders of record at the close […]

Toronto, Ontario – Monday, 3 April 2017 — Magellan Aerospace (“Magellan”) announced today the sale of the land and building of its Mississauga facility on Friday, March 31st, 2017. The sale will generate net cash proceeds of approximately $32.7 million. Magellan will lease a new facility that will be constructed by the buyer on the […]

Toronto, Ontario – 8 March 2017 — Magellan Aerospace (“Magellan”) announced an agreement today between Magellan Aerospace (UK) Limited (“Magellan UK”) and Airbus for the supply of complete crown module assemblies for all variants of the A350 XWB aircraft. This contract extension, valued at approximately CDN $140 million, will see the provision of complex assemblies […]

Toronto, Ontario – Friday, March 3, 2017 – Magellan Aerospace Corporation (“Magellan Aerospace”) (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.065 (six and one-half cents) per share on the Corporation’s common shares. The dividend is payable on March 31, 2017, to stockholders of record at the close […]

AERO INDIA 2017, Bangalore, India – Tuesday, 14 February 2017 — Magellan Aerospace (“Magellan”) announced today plans to construct a new manufacturing and assembly facility in India. The new 140,000 sq. ft. building will be constructed on seven acres in the Aerospace Special Economic Zone near the Bangalore International Airport. Magellan expects to break ground […]

Toronto, Ontario – Friday, 3 February 2017 — Magellan Aerospace (“Magellan”) announced today a contract award from Public Services and Procurement Canada (“PSPC”) for engine repair and overhaul (“R&O”) and fleet management services on the F404 engine that powers Canada’s fleet of CF-188 Hornet aircraft. The contract commenced in January 2017 and work will be […]