Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Magellan Aerospace Corporation (T:MAL)

Business Focus: Aerospace & Defense

Sector:  Industrials Industry:  Aerospace & Defense
See Regulatory Filings on SEDAR
Company Contact
Address: 3160 Derry Rd E
Tel: N/A
IR: See website
Key People
Norman Murray Edwards
Chairman of the Board
Phillip Campion Underwood
President, Chief Executive Officer, Director
Elena M. Milantoni
Chief Financial Officer
Jo-Ann C. Ball
Vice President - Human Resources
Mark Allcock
Vice President - Information Technology and Transformation
Karen Yoshiki-Gravelsins
Vice President - Corporate Stewardship, Operational Excellence
Haydn R. Martin
Vice President - Business Development, Marketing and Contracts
Craig A. Vaughan
Corporate Secretary
Business Overview
Magellan Aerospace Corporation is a Canada-based supplier of components to the aerospace industry and in certain applications for power generation projects. The Company engineers and manufactures aeroengine and aerostructure components for aerospace markets, including products for defense and space markets, and complementary specialty products. Its segments include Aerospace and Power Generation Project. The Aerospace segment includes the design, development, manufacture, repair and overhaul, and sale of systems and components for defense and commercial aviation. The Power Generation Project segment includes the supply of gas turbine power generation units. Within the Aerospace segment, the Company's product groupings include aerostructures and aeroengines. It manufactures complex cast, fabricated and machined gas turbine engine components, both static and rotating, and integrated nacelle components, flow paths and engine exhaust systems for various aeroengine manufacturers.
Financial Overview
For the six months ended 30 June 2020, MagellanAerospace Corp revenues decreased 25% to C$401M. Net incomedecreased 38% to C$26.2M. Revenues reflect Sale of goodssegment decrease of 72% to C$129M, Services segmentdecrease of 56% to C$33.2M, Europe segment decrease of 37%to C$113.1M, United States segment decrease of 34% toC$110M. Net income also reflects Loss (gain) on disposal ofproperty, pla decrease of 9% to C$43K (income).
Employees: 4,200 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $596.72M as of Sep 30, 2020
Annual revenue (TTM): $811.04M as of Sep 30, 2020
EBITDA (TTM): $120.02M as of Sep 30, 2020
Net annual income (TTM): $35.60M as of Sep 30, 2020
Free cash flow (TTM): $61.52M as of Sep 30, 2020
Net Debt Last Fiscal Year: $17.26M as of Sep 30, 2020
Shares outstanding: 57,930,356 as of Nov 2, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization