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Magellan Aerospace Corporation (T:MAL)

Business Focus: Aerospace & Defense

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May 14, 2019 04:30 am ET
Magellan Aerospace Signs Agreement With BAE Systems for F-35 Aircraft Assemblies
TORONTO, May 14, 2019 /CNW/ - 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.  The agreement is the continuation of contract awards made to Magellan by BAE Systems and with the additional quantities awarded, Magellan will more than double its horizontal tails produced thus far for the program. 
May 10, 2019 03:58 pm ET
Magellan Aerospace Corporation Announces Financial Results
TORONTO, May 10, 2019 /CNW/ - Magellan Aerospace Corporation ("Magellan" or the "Corporation") released its financial results for the first quarter of 2019. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows:
May 07, 2019 02:00 pm ET
Magellan Aerospace Announces Report on Voting Results for Directors
MISSISSAUGA, ON, May 7, 2019 /CNW/ - 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:
May 07, 2019 01:00 pm ET
Magellan Aerospace Announces Quarterly Dividend
TORONTO, May 7, 2019 /CNW/ - Magellan Aerospace Corporation ("Magellan Aerospace") (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.10 (ten cents) per share on the Corporation's common shares. The dividend is payable on June 28, 2019, to stockholders of record at the close of business on June 14, 2019.
Apr 29, 2019 04:00 am ET
Magellan Aerospace Secures Contracts for Engine Front Frames and Shafts
TORONTO, April 29, 2019 /CNW/ - Magellan Aerospace Corporation ("Magellan") announced agreements today with an undisclosed customer for the supply of complex fabricated engine front frames for a commercial platform, to be manufactured at Magellan's facility in Winnipeg, Manitoba, Canada, and critical rotating engine shafts for a  dual use platform, to be manufactured at Magellan's facility in Haverhill, Massachusetts, USA.  These contracts are valued at approximately CDN $45 million and will be delivered starting in 2019 through 2022.
Apr 24, 2019 04:00 am ET
Magellan Aerospace Signs Multi-Year Contract to Produce Control Surface Ribs for the 777X
TORONTO, April 24, 2019 /CNW/ - Magellan Aerospace Corporation ("Magellan") announced it has reached a multi-year agreement with The Boeing Company ("Boeing") to manufacture 777X control surface ribs in support of Boeing's Focused Factory initiative.
Apr 12, 2019 07:00 am ET
Magellan Aerospace Contracts with Atlas Elektronik Canada Ltd. for SeaSpider® Anti Torpedo Torpedo
TORONTO, April 12, 2019 /CNW/ - Magellan Aerospace Corporation ("Magellan") announced today an agreement with Atlas Elektronik Canada Ltd. ("Atlas") for the design and development phase of the SeaSpider® Anti Torpedo Torpedo ("ATT") program. The initial CDN $19 million phase of the program was launched in January 2019 and is expected to conclude in 2023.  Magellan will lead the design and development of the SeaSpider® ATT rocket motor and warhead sections of the torpedo that includes design, build, test, and product qualification.
Mar 15, 2019 07:15 am ET
Magellan Aerospace Announces Contracts to Produce Aircraft Illumination Flares
TORONTO, March 15, 2019 /CNW/ - Magellan Aerospace Corporation ("Magellan") announced today, agreements valued at CDN $48 million, with the Canadian government to perform the licensed manufacture of LUU-2 illumination flares for the Royal Canadian Air Force (RCAF).  Magellan-produced LUU-2 illumination flares will be delivered from the Winnipeg facility's propellant plant in Manitoba, Canada. The term of the contracts is five years.
Mar 13, 2019 03:25 pm ET
Magellan Aerospace Corporation Announces Financial Results
TORONTO, March 13, 2019 /CNW/ - Magellan Aerospace Corporation ("Magellan" or the "Corporation") released its financial results for the fourth quarter of 2018. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows:
Mar 08, 2019 11:00 am ET
Magellan Aerospace Announces Quarterly Dividend
TORONTO, March 8, 2019 /CNW/ - Magellan Aerospace Corporation ("Magellan Aerospace") (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.10 (ten cents) per share on the Corporation's common shares. The dividend is payable on March 29, 2019, to stockholders of record at the close of business on March 22, 2019.
Feb 20, 2019 12:30 am ET
Nov 06, 2018 02:08 pm ET
Magellan Aerospace Corporation Announces Financial Results
TORONTO, Nov. 6, 2018 /CNW/ - Magellan Aerospace Corporation ("Magellan" or the "Corporation") released its financial results for the third quarter of 2018 in accordance with the newly adopted IFRS 15, Revenue from Contracts with Customers. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows:
Nov 05, 2018 11:00 am ET
Magellan Awarded CDN $140 Million Contract Extension with Airbus
TORONTO, Nov. 5, 2018 /CNW/ - 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 million dollars over the term of the contract. The package consists of a number of large structural, machined components, and will be manufactured by Magellan in the United Kingdom and supplied to the Airbus assembly facility in Nantes, France.
Nov 02, 2018 01:30 pm ET
Magellan Aerospace Announces Quarterly Dividend
TORONTO, Nov. 2, 2018 /CNW/ - 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 the dividend paid in the third quarter of 2018. This increase in the dividend rate is the fifth consecutive year of increase in dividend from 2013, when the Corporation paid its first dividend. The dividend is payable on December 31, 2018, to stockholders of reco
Oct 17, 2018 01:00 pm ET
Magellan Aerospace Completes Delivery of Satellite Hardware for the RADARSAT Constellation Mission
TORONTO, Oct. 17, 2018 /CNW/ - 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 completion of this major contractual milestone.  These thermal blankets for the spacecraft prevent it from freezing while in space.
Oct 15, 2018 01:00 pm ET
Magellan Aerospace Becomes Aeromet A20X Advanced Aluminium Foundry Licensee
TORONTO, Oct. 15, 2018 /CNW/ - 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 alloy and is used in aerospace, defence, and space applications by major OEMs.
Sep 14, 2018 04:20 am ET
Magellan Aerospace Corporation Announces Entering Into an Amended and Restated Credit Agreement
TORONTO, Sept. 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.
Aug 13, 2018 01:00 pm ET
Magellan Aerospace Signs Long Term Purchase Agreement with Pratt & Whitney
TORONTO, Aug. 13, 2018 /CNW/ - 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 castings will be produced at Magellan's facilities in Haley, Ontario, Canada and Glendale, Arizona, USA. The agreement is expected to generate approximately CDN $81 million in revenue for Magellan through 2023.
Aug 08, 2018 01:00 pm ET
Magellan Aerospace Corporation Announces Financial Results
TORONTO, Aug. 8, 2018 /CNW/ - Magellan Aerospace Corporation ("Magellan" or the "Corporation") released its financial results for the second quarter of 2018 in accordance with the newly adopted IFRS 15, Revenue from Contracts with Customers. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows:
Aug 03, 2018 01:00 pm ET
Magellan Aerospace Announces Quarterly Dividend
TORONTO, Aug. 3, 2018 /CNW/ - 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 of business on September 14, 2018.
May 22, 2018 01:30 pm ET
Magellan Aerospace Signs Long Term Agreement With Hamilton Sundstrand Corporation, a UTC Aerospace Systems Company
TORONTO, May 22, 2018 /CNW/ - 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, Arizona.
May 11, 2018 10:00 am ET
Magellan Invests in Establishing World-Leading Space Capability in Manitoba, Canada
WINNIPEG, May 11, 2018 /CNW/ - 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 U of M have a long and established collaboration and a shared vision to establish a world-leading space capability in Manitoba at the university.  The research and development activities of these Chairs are fully funded by industry sponsor(s), the U
May 03, 2018 04:14 pm ET
Magellan Aerospace Corporation Announces Financial Results
TORONTO, May 3, 2018 /CNW/ - Magellan Aerospace Corporation ("Magellan" or the "Corporation") released its financial results for the first quarter of 2018 in accordance with the newly adopted IFRS 15, Revenue from contracts with customers. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows:
May 01, 2018 01:00 pm ET
Magellan Aerospace Announces Quarterly Dividend
TORONTO, May 1, 2018 /CNW/ - 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 of business on June 15, 2018.
May 01, 2018 12:51 pm ET
Magellan Aerospace Announces Report on Voting Results for Directors
MISSISSAUGA, ON, May 1, 2018 /CNW/ - 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:
Apr 30, 2018 04:30 am ET
Magellan Aerospace Secures Multiple Boeing Contracts
TORONTO, April 30, 2018 /CNW/ - 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 the tanker door for the Boeing 767-2C aircraft. In addition, Magellan was also awarded a new multi-year contract to manufacture winglet components for the Boeing 737 MAX. The components and assemblies associated with these multiple contracts will be del
Apr 24, 2018 01:00 pm ET
Magellan Aerospace Signs Long Term Agreement to Supply Complex Castings and Engine Shafts
TORONTO, April 24, 2018 /CNW/ - 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 Magellan's facility in Haverhill, Massachusetts will manufacture the engine shafts. The new agreement is expected to generate approximately CDN $53 million in revenue for Magellan through 2023.
Apr 19, 2018 01:00 pm ET
Magellan Aerospace Secures Airbus A330 Wing Rib Contract
TORONTO, April 19, 2018 /CNW/ - 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 is estimated to be more than CDN $48 million dollars over the term of the contract. These ribs will be produced by Magellan in the United Kingdom for the Airbus wing assembly facility.
Mar 06, 2018 01:00 pm ET
Magellan Aerospace Corporation Announces Financial Results
TORONTO, March 6, 2018 /CNW/ - Magellan Aerospace Corporation ("Magellan" or the "Corporation") released its financial results for the fourth quarter of 2017.  All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows:
Mar 02, 2018 11:10 am ET
Magellan Aerospace Announces Quarterly Dividend
TORONTO, March 2, 2018 /CNW/ - 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 of business on March 16, 2018.
Feb 22, 2018 02:30 am ET
Magellan Wire Strike Protection System™ Now Available for the Robinson R66 Helicopter
TORONTO, Feb. 22, 2018 /CNW/ - 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.
Jan 22, 2018 02:30 am ET
Magellan Delivers Canadian Satellite Power Control Unit for Upcoming Space Mission
TORONTO, Jan. 22, 2018 /CNW/ - 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 future Deep Space Interplanetary Mission. Under the contract, Magellan's Winnipeg facility will deliver three PCUs and subsystems for three jointly-developed Control and Data Handling (C&DH) units. The end user customer and program cannot be id
Nov 15, 2017 11:20 am ET
Magellan Aerospace Breaks Ground for New Manufacturing and Assembly Plant in India
BANGALORE, India, Nov. 15, 2017 /CNW/ - Magellan Aerospace ("Magellan") hosted a traditional groundbreaking ceremony today for the company's new manufacturing and assembly facility in India.   Magellan was honoured to have Canada's federal minister of International Trade, The Honourable François-Philippe Champagne participate in the event that was also attended by an esteemed group of customers, government officials and local business colleagues.  The new 140,000 square foot building will be constructed on seven acres in Hitech Defence and Aerospace Park (Aerospace SEZ Sector) in Devanahalli
Nov 07, 2017 12:01 pm ET
Magellan Aerospace Corporation Announces Q3 2017 Financial Results
TORONTO, Nov. 7, 2017 /CNW/ - Magellan Aerospace Corporation ("Magellan" or the "Corporation") released its financial results for the third quarter of 2017.  All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows:
Nov 03, 2017 02:00 pm ET
Magellan Aerospace Announces Quarterly Dividend
TORONTO, Nov. 3, 2017 /CNW/ - 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 quarterly dividend. The increase in the dividend rate is reflective of the Corporation's improving balance sheet and strong financial results. The dividend is payable on December 29, 2017, to stockholders of record at the close of business on December 15, 2017.
Sep 20, 2017 02:00 pm ET
Magellan Aerospace selected by Airbus for A320neo PW Exhaust Systems
TORONTO, Sept. 20, 2017 /CNW/ - 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 from this life-of-program contract is estimated to exceed CDN $200 million over the first ten years of the contract. The fabricated metallic exhaust systems will be produced at Magellan's North American facilities in Winnipeg, Manitoba and Middl
Aug 08, 2017 02:00 pm ET
Magellan Aerospace Corporation Announces Financial Results
TORONTO, Aug. 8, 2017 /CNW/ - Magellan Aerospace Corporation ("Magellan" or the "Corporation") released its financial results for the second quarter of 2017.  All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows:
Aug 04, 2017 02:00 pm ET
Magellan Aerospace Announces Quarterly Dividend
TORONTO, Aug. 4, 2017 /CNW/ - 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 of business on September 15, 2017.
May 04, 2017 02:00 pm ET
Magellan Aerospace Corporation Announces Financial Results
TORONTO, May 4, 2017 /CNW/ - Magellan Aerospace Corporation ("Magellan" or the "Corporation") released its financial results for the first quarter of 2017.  All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows:
May 02, 2017 02:10 pm ET
Magellan Aerospace Announces Quarterly Dividend
TORONTO, May 2, 2017 /CNW/ - 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 of business on June 9, 2017.
May 02, 2017 02:06 pm ET
Magellan Aerospace Announces Report on Voting Results for Directors
MISSISSAUGA, ON, May 2, 2017 /CNW/ - 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:
Apr 03, 2017 01:30 pm ET
Magellan Aerospace Announces Sale of Property
TORONTO, April 3, 2017 /CNW/ - 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.
Mar 08, 2017 03:13 pm ET
Magellan Aerospace Corporation Announces Financial Results
TORONTO, March 8, 2017 /CNW/ - Magellan Aerospace Corporation ("Magellan" or the "Corporation") released its financial results for the fourth quarter of 2016.  All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows:
Mar 08, 2017 12:00 pm ET
Magellan Aerospace Secures Multi-Year Airbus Contract
TORONTO, March 8, 2017 /CNW/ - 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 from Magellan facilities in the United Kingdom, Poland and India to the Airbus assembly lines in Germany and France.
Mar 03, 2017 12:00 pm ET
Magellan Aerospace Announces Quarterly Dividend
TORONTO, March 3, 2017 /CNW/ - 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 of business on March 10, 2017.
Feb 13, 2017 05:00 pm ET
Magellan Aerospace Announces Construction of New Manufacturing and Assembly Plant in India
BANGALORE, India, Feb. 13, 2017 /CNW/ - AERO INDIA 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 for the new facility in June 2017.
Feb 03, 2017 07:45 am ET
Magellan Aerospace Awarded Engine Maintenance Contract for CF-188 F404
TORONTO, Feb. 3, 2017 /CNW/ - 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 carried out until the terms expire at the end of March 2021. A preliminary funding amount of CDN$45M has been approved to launch the multi-year agreement. The contract includes options to extend the duration of the agreement beyond 2021, based on p
Nov 14, 2016 04:00 am ET
Magellan Aerospace announces quarterly dividend increase
TORONTO, Nov. 14, 2016 /CNW/ - Magellan Aerospace Corporation ("Magellan" or "Corporation") (TSX: MAL) announced today that the board of directors of Magellan has approved a quarterly dividend payment for the fourth quarter of 2016 in the amount of $0.065 (six and one-half cents) per share on the Corporation's common stock.  This represents a 13.0 percent increase in the rate of the Corporation's current quarterly dividend.   Magellan's dividend has more than doubled over the past three years, and today's announcement marks the 4th consecutive year of dividend increases by the Corporation si
Nov 14, 2016 04:00 am ET
Magellan Aerospace Corporation Announces Financial Results
TORONTO, Nov. 14, 2016 /CNW/ - Magellan Aerospace Corporation ("Magellan" or the "Corporation") released its financial results for the third quarter of 2016.  All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows:
Oct 31, 2016 05:00 am ET
Magellan announces successful launch of student space experiments
TORONTO, Oct. 31, 2016 /CNW/- Magellan Aerospace ("Magellan") is pleased to announce the successful launch, and return to earth, of three Canadian student space microgravity science experiments aboard Mission 8 of the U.S. - based Student Spaceflight Experiments Program (SSEP).  The experiments were delivered to the International Space Station (ISS) by the SpaceX CRS-9 mission.  The SSEP is a unique, immersive program that gives students the ability to design and propose real microgravity experiments to fly in low earth orbit in the ISS.  Two of the three participating Canadian school commun
Oct 27, 2016 05:00 am ET
Magellan Aerospace signs agreement with BAE Systems for F-35 Lightning II assemblies
TORONTO, Oct. 27, 2016 /CNW/ - Magellan Aerospace ("Magellan") announced today that it will be producing F-35 Lightning II horizontal tail assemblies under an agreement with BAE Systems. The agreement is the continuation of annual contract awards made to Magellan by BAE Systems for F-35 assemblies, valued at more than CDN $70 million over a two year period.
Oct 13, 2016 02:28 pm ET
Magellan Aerospace Secures Multi-Year Boeing 777X & 787 Dreamliner Contracts
TORONTO, Oct. 13, 2016 /CNW/ - Magellan Aerospace ("Magellan") and The Boeing Company ("Boeing") announced today the signing of new long-term contracts for the supply of complex titanium machined components for the 777X program.  These components will be manufactured by Magellan's facilities in New York, NY and Kitchener, ON.  In addition to the new contract awards, Magellan and Boeing agreed to a long term contract extension on Magellan's existing 787 Dreamliner program statement of work, produced at its New York facilities.  The new long-term 777X contracts and the 787 extension period wil
Oct 12, 2016 02:37 pm ET
Euravia Announces New Rolls-Royce 250 Engine Support Capability
TORONTO, Oct. 12, 2016 /CNW/ - Helitech 2016 – Euravia Engineering & Supply Co. Ltd. ("Euravia"), a Magellan Aerospace company will showcase an expanded product capability at Helitech 2016.  Euravia, Europe's leading PT6 engine shop, is now providing total engine support for the Rolls-Royce 250 (RR250) engine.  Euravia operates from purpose-built facilities in Kelbrook, in the north west of England, and its new expansion facility, Euravia North America, located in Phoenix, Arizona.
Aug 11, 2016 03:45 pm ET
Magellan Aerospace Corporation Announces Second Quarter 2016 Financial Results
TORONTO, Aug. 11, 2016 /CNW/ - Magellan Aerospace Corporation ("Magellan" or the "Corporation") released its financial results for the second quarter of 2016.  All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows:
Aug 10, 2016 02:00 pm ET
Magellan Aerospace Announces Quarterly Dividend
TORONTO, Aug. 10, 2016 /CNW/ - Magellan Aerospace Corporation ("Magellan Aerospace") (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.0575 (five and three-quarter cents) per share on the Corporation's common shares. The dividend is payable on September 30, 2016, to stockholders of record at the close of business on September 9, 2016.
May 27, 2016 02:00 pm ET
Magellan Aerospace Announces Collaboration with ATLAS ELEKTRONIK
TORONTO, May 27 2016 /CNW/ - ATLAS ELEKTRONIK and Magellan Aerospace signed a Memorandum of Understanding on Thursday, May 26, 2016, sealing intent to collaborate on the development of the rocket motor and warhead sections of the SeaSpider® Anti-Torpedo-Torpedo.
May 11, 2016 02:32 pm ET
Magellan Aerospace Corporation Announces Financial Results
TORONTO, May 11, 2016 /CNW/ - Magellan Aerospace Corporation ("Magellan" or the "Corporation") released its financial results for the first quarter of 2016 and recorded its highest quarterly revenues in its history.  All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows:
May 10, 2016 02:39 pm ET
Magellan Aerospace Announces Report on Voting Results for Directors
MISSISSAUGA, ON, May 10, 2016 /CNW/ - 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:
May 10, 2016 02:16 pm ET
Magellan Aerospace announces quarterly dividend
TORONTO, May 10, 2016 /CNW/ - Magellan Aerospace Corporation ("Magellan Aerospace") (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.0575 (five and three-quarter cents) per share on the Corporation's common shares. The dividend is payable on June 30, 2016, to stockholders of record at the close of business on June 10, 2016.
May 10, 2016 02:00 pm ET
Magellan Aerospace Secures Multi-Year Contracts with GKN Aerospace
TORONTO, May 10, 2016 /CNW/ - Magellan Aerospace ("Magellan") announced an agreement today between Magellan Aerospace (UK) Ltd and GKN Aerospace ("GKN Aerospace") for a contract extension to deliver precision aluminium and titanium components and assemblies to GKN Aerospace's Filton facility where complex wing structures are manufactured and assembled for the A320, A330 and A380 aircraft programs.  This contract extension is projected to generate revenues in excess of CDN $130 million through to December 2020 and the components and assemblies will be supplied from Magellan facilities located
May 02, 2016 02:15 pm ET
Magellan Aerospace Secures Multi-Year Airbus Contracts
TORONTO, May 2, 2016 /CNW/ - Magellan Aerospace ("Magellan") announced today a contract extension between Magellan Aerospace (UK) Limited ("Magellan UK") and Airbus for the supply of aluminium and titanium structural wing components from Magellan UK's facilities located throughout Europe and its joint ventures in India.  This contract, valued at approximately CDN $700 million, is comprised of precision machined details and assemblies for use on the A320 Family, the A330 Family, and the A380 program.  In addition to the contract extension for the machined components, Magellan UK was awarded a
Mar 22, 2016 04:29 pm ET
Magellan Aerospace Corporation Announces Financial Results
TORONTO, March 22, 2016 /CNW/ - Magellan Aerospace Corporation ("Magellan" or the "Corporation") released its financial results for the fourth quarter of 2015.  All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows:
Mar 01, 2016 03:30 am ET
Magellan Aerospace Announces Wire Strike Protection System™ Will Soon be Available for the Robinson R66 Helicopter
LOUISVILLE, KY, March 1, 2016 /CNW/ - HeliExpo 2016 - Magellan Aerospace ("Magellan") announced today that a Wire Strike Protection System™ (WSPS™) will soon be available for the Robinson R66 helicopter platform with the anticipated issuance of a Supplemental Type Certificate (STC) in the first quarter of 2016.
Feb 23, 2016 12:27 pm ET
Magellan Aerospace Announces Quarterly Dividend
TORONTO, Feb. 23, 2016 /CNW/ - Magellan Aerospace Corporation ("Magellan Aerospace") (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.0575 (five and three-quarter cents) per share on the Corporation's common shares. The dividend is payable on March 31, 2016, to stockholders of record at the close of business on March 11, 2016.