Toronto, Ontario – 5 November 2018 — Magellan Aerospace Corporation (“Magellan”) announced today, that they have secured a six year agreement with Airbus for a contract extension for the manufacture of A350 XWB centre wing box and keel beam detail parts. It is estimated that revenue generated from this work package will exceed CDN $140 […]

Toronto, Ontario – Friday, November 2, 2018 – 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 2018 of $0.10 (ten cents) per share, a 17.6 percent increase in the rate of the Corporation’s quarterly dividend from […]

Toronto, Ontario – 17 October 2018 — Magellan Aerospace Corporation (“Magellan”) announced today the completion of all hardware deliveries to MDA, a Maxar Technologies company, for the RADARSAT Constellation Mission (RCM) being built for the Canadian Space Agency. In late September, the Multi-Layered Insulation (MLI) blankets were installed on the final satellite bus, marking the […]

Toronto, Ontario – 15 October 2018 — Magellan Aerospace (“Magellan”) and Aeromet International Ltd, (“Aeromet”) announced today that Magellan’s Haley, Ontario site has joined a global network of foundries licensed to manufacture cast parts using the advanced A20X™ aluminium alloy. Developed and patented by Aeromet in the UK, A20X™ is the world’s strongest aluminium casting […]

TORONTO, September 14, 2018 /CNW/ – Magellan Aerospace Corporation (“Magellan” or the “Corporation”) announces that it has amended and restated its operating credit agreement with its existing lenders in order to provide revolving loan facilities for Magellan for a two year period. Under the terms of the amended operating credit agreement, Magellan and the lenders […]

Toronto, Ontario – 13 August 2018 — Magellan Aerospace (“Magellan”) announced today the signing of a six year agreement with Pratt & Whitney to manufacture aluminum castings for their Next Generation Product Family (“NGPF”) of engines, powering the Airbus A320neo, Airbus A220 (formerly known as Bombardier C-Series), Embraer E2 series and Mitsubishi MRJ aircraft. The […]

Toronto, Ontario – Friday, August 3, 2018 – Magellan Aerospace Corporation (“Magellan Aerospace”) (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.085 (eight and one-half cents) per share on the Corporation’s common shares. The dividend is payable on September 28, 2018, to stockholders of record at the close […]

Toronto, Ontario – 22 May 2018 — Magellan Aerospace (“Magellan”) announced today the signing of an agreement with Hamilton Sundstrand Corporation, a UTC Aerospace Systems Company (“Hamilton Sundstrand”), to manufacture complex magnesium and aluminium castings for various military and commercial aerospace platforms. The castings will be produced by Magellan’s facilities in Haley, Ontario and Glendale, […]

Winnipeg, Manitoba – 11 May 2018 — Magellan Aerospace (Magellan) announced today, funding of CDN $625,000 for an Industrial Research Chair (IRC) in the area of satellite development, and a further CDN $120,000 contribution towards a second Chair for Design Engineering, both at the University of Manitoba (U of M). Magellan’s Winnipeg division and the […]

Toronto, Ontario – Tuesday, May 1, 2018 – Magellan Aerospace Corporation (“Magellan Aerospace”) (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.085 (eight and one-half cents) per share on the Corporation’s common shares. The dividend is payable on June 29, 2018, to stockholders of record at the close […]

Mississauga, Ontario – May 1, 2018 – 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 – 30 April 2018 — Magellan Aerospace (“Magellan”) announced that a number of major contract extensions and new awards have been made by The Boeing Company to Magellan. Multi-year contract renewals were agreed to for the manufacture of titanium wing fittings for the Boeing 787 Dreamliner and the detail manufacture and assembly of […]

Toronto, Ontario – 24 April 2018 — Magellan Aerospace (“Magellan”) announced today the signing of a 5-year agreement with an undisclosed commercial aeroengine customer to manufacture complex magnesium and aluminium castings and finished, machined engine shafts for gas turbine engines. The castings will be produced by Magellan’s facilities in Haley, Ontario and Glendale, Arizona, and […]

Toronto, Ontario – 19 April 2018 — Magellan Aerospace (“Magellan”) announced today, that they have secured a 5-year agreement with Airbus to supply wing ribs for the A330 aircraft. Magellan will manufacture ribs 2 through 5, the largest ribs in the skeletal structure of the aircraft wing. Revenue generated from production of these wing ribs […]

Toronto, Ontario – Friday, March 2, 2018 – Magellan Aerospace Corporation (“Magellan Aerospace”) (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.085 (eight and one-half cents) per share on the Corporation’s common shares. The dividend is payable on March 30, 2018, to stockholders of record at the close […]

Toronto, Ontario – February 22, 2018 – Magellan Aerospace (“Magellan”) and Robinson Helicopter Company (“Robinson”) announced today that a Wire Strike Protection System™ (WSPS™) is now available for the Robinson R66 helicopter platform. The WSPS™ is designed to provide a measure of protection for helicopters in level flight in the event of an encounter with […]

Toronto, Ontario – January 22, 2018 – Magellan Aerospace (“Magellan”) announced today that it has delivered the first of three Power Control Units (“PCU”) for an upcoming space mission. In 2016, Magellan was selected by the Laboratory for Atmospheric and Space Physics (“LASP”), at the University of Colorado Boulder, to provide satellite technology for a […]