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MAGELLAN AEROSPACE (TSX: MAL) STOCK QUOTE

Last Trade: C$7.20
Volume: 3,900
5-Day Change: 0.42%
YTD Change: -27.71%
Market Cap: C$414.070M

LATEST NEWS FROM MAGELLAN AEROSPACE

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
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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
GreenStockNews
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

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