TORONTO / Mar 11, 2024 / Business Wire / Magellan Aerospace Corporation (“Magellan” or the “Corporation”) released its financial results for the fourth quarter of 2023. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows: Three month period ended December 31 Twelve month period ended December 31 Expressed in thousands of Canadian dollars, except per share amounts... Read More

TORONTO / Mar 01, 2024 / Business Wire / Magellan Aerospace Corporation ("Magellan Aerospace") (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.025 (two and one-half cents) per share on the Corporation’s common shares. The Board of Directors of the Corporation continues to review its dividends on a quarterly basis for more visibility of recovery, and ensure that the dividend... Read More

TORONTO / Feb 28, 2024 / Business Wire / Magellan Aerospace Corporation (“Magellan”) announced today an agreement between Magellan Aerospace (UK) Limited and Airbus to continue to supply major structural wing components for Airbus’ single aisle family of aircraft. The high-strength, lightweight components will be delivered... Read More

TORONTO / Dec 19, 2023 / Business Wire / Magellan Aerospace Corporation (“Magellan”) announced today, an agreement with the Canadian government for the provision of LUU-2 illumination flares for the Royal Canadian Air Force (RCAF). The $39 million, four-year contract commences in 2024 and involves the manufacture, assembly, and delivery of LUU-2 flares from Magellan Aerospace, Winnipeg's propellant plant in Manitoba, Canada.... Read More

TORONTO / Nov 07, 2023 / Business Wire / Magellan Aerospace Corporation (“Magellan” or the “Corporation”) released its financial results for the third quarter of 2023. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows: Three month period ended September 30 Nine month period ended September 30 Expressed in thousands of Canadian dollars, except per share amounts... Read More

TORONTO / Nov 03, 2023 / Business Wire / Magellan Aerospace Corporation ("Magellan Aerospace") (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.025 (two and one-half cents) per share on the Corporation’s common shares. The Board of Directors of the Corporation continues to review its dividends on a quarterly basis for more visibility of recovery, and ensure that the dividend... Read More

TORONTO / Aug 08, 2023 / Business Wire / Magellan Aerospace Corporation (“Magellan” or the “Corporation”) released its financial results for the second quarter of 2023. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows: Three month period ended June 30 Six month period ended June 30 Expressed in thousands of Canadian dollars, except per share amounts 2023 2022... Read More

TORONTO / Aug 04, 2023 / Business Wire / Magellan Aerospace Corporation ("Magellan Aerospace") (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.025 (two and one-half cents) per share on the Corporation’s common shares. The Board of Directors of the Corporation continues to review its dividends on a quarterly basis for more visibility of recovery, and ensure that the dividend... Read More

TORONTO / May 30, 2023 / Business Wire / Magellan Aerospace Corporation (“Magellan”) announced today the signing of a contract extension with The Boeing Company (“Boeing”), to manufacture large and complex nacelle exhaust systems for the 767 program. The fabricated metallic assemblies will be produced and delivered from Magellan’s facility in Middletown, Ohio. The continuation of this agreement with Boeing will ensure the... Read More

MISSISSAUGA, Ontario / May 25, 2023 / Business Wire / Magellan Aerospace Corporation (“Magellan or Corporation") (TSX: MAL) announced today that the Toronto Stock Exchange has accepted notice filed by Magellan to make a normal course issuer bid (“NCIB”) through facilities of the Toronto Stock Exchange (the “TSX”) or other alternative Canadian trading systems. The notice provides that Magellan may, during the 12 month period... Read More

TORONTO / May 04, 2023 / Business Wire / Magellan Aerospace Corporation (“Magellan” or the “Corporation”) released its financial results for the first quarter of 2023. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows: Three month period ended March 31 Expressed in thousands of Canadian dollars, except per share amounts 2023 2022 Change Revenues 223,376 187,709... Read More

MISSISSAUGA, Ontario / May 02, 2023 / Business Wire / 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. Murray Edwards 48,700,157 98.70%... Read More

TORONTO / May 02, 2023 / Business Wire / Magellan Aerospace Corporation ("Magellan Aerospace") (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.025 (two and one-half cents) per share on the Corporation’s common shares. The Board of Directors of the Corporation continues to review its dividends on a quarterly basis for more visibility of recovery, and ensure that the dividend... Read More

Magellan Aerospace Corporation (“Magellan”) announced today a contract with the Government of Canada to design, build, launch, and operate the Redwing microsatellite. Directed by the Department of National Defence’s science and technology organization, Defence Research and Development Canada (“DRDC”), the $15.8 million Redwing contract represents the next generation of spacecraft technology for space domain awareness... Read More

Magellan Aerospace Corporation (“Magellan” or the “Corporation”) released its financial results for the fourth quarter of 2022. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows: Three month period ended December 31 Twelve month period ended December 31 Expressed in thousands of Canadian dollars, except per share amounts 2022 2021 Change 2022 2021 Change Revenues... Read More

Magellan Aerospace Corporation (“Magellan”) announced today the signing of a significant long-term agreement (“LTA”) extension with Collins Aerospace (“Collins”), a Raytheon Technologies business, to manufacture complex magnesium and aluminum castings for various military and commercial aerospace platforms. The castings will be produced by Magellan’s facilities in Renfrew, Ontario and Glendale, Arizona. The extension of this... Read More

Magellan Aerospace Corporation ("Magellan Aerospace") (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.025 (two and one-half cents) per share on the Corporation’s common shares. The Board of Directors of the Corporation continues to review its dividends on a quarterly basis for more visibility of recovery, and ensure that the dividend declared balances the return of capital to... Read More

Magellan Aerospace Corporation (“Magellan”) applauds the Government of Canada's announcement that it has reached a final agreement to acquire 88 F-35 fighter jets for the Royal Canadian Air Force. By selecting the F-35, Canada is continuing a relationship that was established between the original partnering nations for the... Read More

Magellan Aerospace Corporation (“Magellan”) announced today that it will continue producing F-35 Lightning II (“F-35”) horizontal tail assemblies under an agreement with BAE Systems. This significant, multi-year agreement is the continuation of contract awards made to Magellan by BAE Systems and will further Magellan’s... Read More

Magellan Aerospace Corporation (“Magellan”) announced today, the award of a multi-year contract from Lockheed Martin Corporation (“LMCO”) for complex machined titanium components for all three variants of the F-35 aircraft. This multi-million dollar contract will be carried out at Magellan Aerospace’s facility in Kitchener, Ontario over the period of 2023 to 2027. The contract is for shipsets of machined wing tie bars for... Read More

Magellan Aerospace Corporation (“Magellan” or the “Corporation”) released its financial results for the third quarter of 2022. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows: Three month period ended September30 Nine month period ended September 30 Expressed in thousands of Canadian dollars, except per share amounts 2022 2021 Change 2022 2021 Change Revenues... Read More

Magellan Aerospace Corporation ("Magellan Aerospace") (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.025 (two and one-half cents) per share on the Corporation’s common shares, a decrease of $0.025 (two and one-half cents) from the quarterly dividend paid in the third quarter of 2022. The ongoing impact from the COVID-19 pandemic, low production levels largely related to... Read More

Magellan Aerospace Corporation (“Magellan”) announced today a contract award from Sikorsky Aircraft Corporation (“Sikorsky”), a Lockheed Martin Company for low rate initial production (LRIP) of assemblies to support the production of the CH-53K® LRIP configuration helicopter. The multi-year, multi-million dollar agreement will be delivered from Magellan’s New York facility commencing in 2023. The contract consists of hard... Read More

Magellan Aerospace Corporation (“Magellan” or the “Corporation”) released its financial results for the second quarter of 2022. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows: Three month period ended June 30 Six month period ended June 30 Expressed in thousands of Canadian dollars, except per share amounts 2022 2021 Change 2022 2021 Change Revenues 192,662... Read More

Magellan Aerospace Corporation ("Magellan Aerospace") (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.05 (five cents) per share on the Corporation’s common shares, a decrease of $0.03 (three cents) from the quarterly dividend paid in the first quarter of 2022. The ongoing COVID-19 pandemic, low production levels largely related to wide-body aircraft, inflation, and supply chain... Read More

Magellan Aerospace Corporation (“Magellan or Corporation") (TSX: MAL) announced today that the Toronto Stock Exchange has accepted notice filed by Magellan to make a normal course issuer bid (“NCIB”) through facilities of the Toronto Stock Exchange (the “TSX”) or other alternative Canadian trading systems. The notice provides that Magellan may, during the 12 month period commencing May 27, 2022 and ending May 26, 2023,... Read More

Magellan Aerospace Corporation (“Magellan”) and RocketFrac Services Ltd. (”RocketFrac”) 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... Read More

Magellan Aerospace Corporation (“Magellan” or the “Corporation”) released its financial results for the first quarter of 2022. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows: Three month period ended March 31 Expressed in thousands of Canadian dollars, except per share amounts 2022 2021 Change Revenues 187,709 176,281 6.5% Gross Profit 10,910 17,079 (36.1%) Net... Read More

Magellan Aerospace Corporation ("Magellan Aerospace") (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.08 (eight cents) per share on the Corporation’s common shares, a decrease of $0.025 (two and half cents) from the quarterly dividend paid in the fourth quarter of 2021. The ongoing COVID-19 pandemic, continued low production levels largely related to wide-body aircraft, and... Read More

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. Murray Edwards 51,026,331 99.14% 441,649 0.86% Phillip C. Underwood 51,057,686 99.20%... Read More

Magellan Aerospace Corporation (“Magellan”) announced it has reached a five-year agreement with Safran Landing Systems (“Safran”) to manufacture complex machined landing gear components. The agreement includes the continued manufacture and processing of Magellan’s current work statement and additional new components, all for commercial aircraft platforms. Deliveries will take place from Magellan’s North American facilities... Read More

Magellan Aerospace Corporation (“Magellan”) announced today that it has signed a long-term agreement with General Electric Aviation (“GE”) for the repair and overhaul (R&O) of major components for the GE F414-GE-400 engine, which powers Boeing’s F/A-18 Block III Super Hornet fighter jet. Finished components will be delivered from Magellan’s facility in Winnipeg, Manitoba. The five-year agreement is the latest milestone in a... Read More

Magellan Aerospace Corporation (“Magellan” or the “Corporation”) released its financial results for the fourth quarter of 2021. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows: Three month period ended December 31 Twelve month period ended December 31 Expressed in thousands of Canadian dollars, except per share amounts 2021 2020 Change 2021 2020 Change Revenues... Read More

Magellan Aerospace Corporation ("Magellan Aerospace") (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.105 (ten and one-half cents) per share on the Corporation’s common shares. The dividend is payable on March 31, 2022, to stockholders of record at the close of business on March 29, 2022. Although the impacts of the COVID-19 pandemic continued to impact the Corporation in the... Read More

Magellan Aerospace Corporation (“Magellan”) announced today a contract award from MDA Ltd. (“MDA”) to provide spacecraft avionics for their next Earth observation mission named CHORUS. The new spacecraft builds on MDA’s RADARSAT heritage and will continue the work of RADARSAT-2, which remains operational serving its worldwide... Read More