Magellan Aerospace Corporation (T:MAL)

Business Focus: Aerospace & Defense (NEC)

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Mar 11, 2024 06:00 pm ET

Magellan Aerospace Corporation Announces Financial Results

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:

Mar 01, 2024 05:03 pm ET

Magellan Aerospace Announces Quarterly Dividend

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 shareholders while maintaining adequate financial flexibility and investment in growth initiatives. The dividend is payable on March 28, 2024, to stockholders of record at t

Feb 28, 2024 08:00 am ET

Magellan Aerospace Awarded Multi-Year Contract for Airbus Single Aisle Aircraft Components

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 from Magellan’s leading-edge long bed machining centre in our Wrexham facility from January 2024.

Dec 19, 2023 07:30 am ET

Magellan Aerospace Announces Contracts to Produce Aircraft Illumination Flares

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.

Nov 07, 2023 05:00 pm ET

Magellan Aerospace Corporation Announces Financial Results

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:

Nov 03, 2023 05:00 pm ET

Magellan Aerospace Announces Quarterly Dividend

Aug 08, 2023 05:00 pm ET

Magellan Aerospace Corporation Announces Financial Results

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:

Aug 04, 2023 05:00 pm ET

Magellan Aerospace Announces Quarterly Dividend

May 30, 2023 07:30 am ET

Magellan Aerospace Signs Agreement With the Boeing Company for Exhaust Systems

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.

May 25, 2023 07:30 am ET

Magellan Aerospace Announces Renewal of Normal Course Issuer Bid

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.

May 04, 2023 06:42 pm ET

Magellan Aerospace Corporation Announces Financial Results

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:

May 02, 2023 06:35 pm ET

Magellan Aerospace Announces Report on Voting Results for Directors

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 02, 2023 06:23 pm ET

Magellan Aerospace Announces Quarterly Dividend

Mar 10, 2023 07:30 am ET

Magellan Aerospace Awarded Redwing Space Domain Awareness Microsatellite Contract From the Government of Canada

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 technology demonstration. When launched in 2026, Redwing will perform space object tracking to characterize an increasingly congested orbital environment, observe higher detail on

Mar 09, 2023 09:15 pm ET

Magellan Aerospace Corporation Announces Financial Results

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:

Mar 06, 2023 07:00 am ET

Magellan Aerospace Signs Agreement With Collins Aerospace for Complex Castings

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.

Mar 03, 2023 05:30 pm ET

Magellan Aerospace Announces Quarterly Dividend

Jan 10, 2023 06:00 pm ET

Magellan Aerospace Applauds F-35 Aircraft Announcement by Canadian Government

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 development of the F-35.

Dec 09, 2022 07:00 am ET

Magellan Aerospace Signs Agreement With BAE Systems for F-35 Aircraft Assemblies

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 participation on the global program.

Nov 22, 2022 07:00 am ET

Magellan Aerospace Signs Multi-Year F-35 Lightning II Contract

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 the aircraft’s leading edge flap.

Nov 08, 2022 06:00 pm ET

Magellan Aerospace Corporation Announces Financial Results

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:

Nov 04, 2022 05:27 pm ET

Magellan Aerospace Announces Quarterly Dividend

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 wide-body aircraft, inflation, and supply chain and labour constraints continued to negatively impact the Corporation’s operation in the third quarter of 2022. In light of these

Oct 11, 2022 07:30 am ET

Magellan Aerospace Awarded Multi-Year Contract From Sikorsky Aircraft Corporation

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.

Aug 09, 2022 09:00 pm ET

Magellan Aerospace Corporation Announces Financial Results

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:

Aug 05, 2022 05:48 pm ET

Magellan Aerospace Announces Quarterly Dividend

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 and labour constraints continued to negatively impact the Corporation’s operation in the second quarter of 2022. In light of these operational challenges, the dividend lev

May 25, 2022 07:00 am ET

Magellan Aerospace Announces Renewal of Normal Course Issuer Bid

May 17, 2022 05:00 pm ET

Magellan Aerospace and RocketFrac Services Sign Manufacturing Contract

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 fracturing technology that couples RocketFrac’s patent-pending downhole tool with a new and specifically formulated propellant under an exclusive global license from Magellan. All of the charges will be manufactured and delivered from Magellan’s Winnipeg facility by the end of

May 06, 2022 07:00 pm ET

Magellan Aerospace Announces Quarterly Dividend

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 supply chain and labour constraints negatively impacted the Corporation’s operation in the first quarter of 2022. In light of these operational challenges, the dividend level

May 06, 2022 07:00 pm ET

Magellan Aerospace Corporation Announces Financial Results

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:

May 03, 2022 05:00 pm ET

Magellan Aerospace Announces Report on Voting Results for Directors

May 02, 2022 07:00 am ET

Magellan Aerospace Signs Contract Extension with Safran Landing Systems

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 in New York, New York and Kitchener, Ontario.

Apr 26, 2022 07:00 am ET

Magellan Aerospace Signs Long Term Agreement With General Electric Aviation

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 strong and continuing relationship between the companies that dates back more than 50 years.

Mar 22, 2022 05:45 pm ET

Magellan Aerospace Announces Quarterly Dividend

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 fourth quarter of 2021, the Corporation’s liquidity and strong balance sheet has allowed the Corporation to continue its quarterly dividend payment for the current quarter.

Mar 22, 2022 05:45 pm ET

Magellan Aerospace Corporation Announces Financial Results

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:

Feb 09, 2022 07:30 am ET

Magellan Aerospace to Provide Satellite Avionics Subsystems for CHORUS, MDA’s Next Generation Commercial Earth Observation Mission

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 customer base. The avionics subsystems for CHORUS will be developed at Magellan’s Winnipeg facility, home of western Canada’s Advanced Satellite Integration Facility.

Nov 11, 2021 05:44 pm ET

Magellan Aerospace Corporation Announces Financial Results

Magellan Aerospace Corporation (“Magellan” or the “Corporation”) released its financial results for the third quarter of 2021. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows:

Nov 05, 2021 06:09 pm ET

Magellan Aerospace Announces Quarterly Dividend

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 December 31, 2021, to stockholders of record at the close of business on December 17, 2021. The Board of Directors of the Corporation reviews its dividends on a quarterly basis to ensure that the dividend declared balances the return of capital to shareholders while maintaining adequate financial flexibility as the Corporation recovers from the i

Aug 10, 2021 05:00 pm ET

Magellan Aerospace Corporation Announces Financial Results

Magellan Aerospace Corporation (“Magellan” or the “Corporation”) released its financial results for the second quarter of 2021. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows:

Aug 06, 2021 05:00 pm ET

Magellan Aerospace Announces Quarterly Dividend

About Magellan Aerospace

Jun 21, 2021 07:30 am ET

Magellan Aerospace Secures Multi-year Airbus Contract Renewal

Magellan Aerospace Corporation (“Magellan”) announced today a contract extension between Magellan Aerospace (UK) Limited and Airbus SAS (“Airbus”) for the supply of aluminum and titanium structural wing components from Magellan UK’s facilities located throughout Europe and India. This contract renewal is comprised of precision machined details and assemblies for use on the A320 and A330 aircraft.

May 25, 2021 07:30 am ET

Magellan Aerospace Announces Renewal of Normal Course Issuer Bid

May 06, 2021 05:00 pm ET

Magellan Aerospace Corporation Announces Financial Results

Magellan Aerospace Corporation (“Magellan” or the “Corporation”) released its financial results for the first quarter of 2021. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows:

May 04, 2021 05:00 pm ET

Magellan Aerospace Announces Quarterly Dividend

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 June 30, 2021, to stockholders of record at the close of business on June 16, 2021.

May 04, 2021 05:00 pm ET

Magellan Aerospace Announces Report on Voting Results for Directors

Mar 31, 2021 07:00 am ET

Magellan Aerospace Secures Contract Extension With Boeing Commercial Aircraft

Magellan Aerospace Corporation (“Magellan”) announced an agreement with Boeing Commercial Airplanes, a business unit of The Boeing Company on a contract extension for the supply of landing gear kits and other complex structural components for the 737, 767, and 777 airplanes. The significant, long term contract extension will see product delivered from Magellan’s facilities in Kitchener, Ontario and New York City, New York.

Mar 16, 2021 05:00 pm ET

Magellan Aerospace Signs Agreement With Avio Aero in Italy

Magellan Aerospace Corporation (“Magellan”) announced today the signing of a five year renewal agreement with Avio Aero, a GE Aviation Company (“GE”), for the supply of magnesium and aluminum castings. The castings will be produced primarily at Magellan’s Haley, Ontario facility, with several also being produced at its Glendale, Arizona facility.

Mar 10, 2021 07:39 pm ET

Magellan Aerospace Corporation Announces Financial Results and Director Resignation

Magellan Aerospace Corporation (“Magellan” or the “Corporation”) released its financial results for the fourth quarter of 2020. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows:

Mar 05, 2021 05:00 pm ET

Magellan Aerospace Announces Quarterly Dividend

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, 2021, to stockholders of record at the close of business on March 19, 2021.

Feb 08, 2021 07:00 am ET

Magellan Aerospace and General Electric Aviation Canada Sign Memorandum of Understanding for F414 Engine Sustainment in Support of Boeing Super Hornet Bid for Canada Future Fighter Competition

Magellan Aerospace Corporation (“Magellan”) announced today the signing of a Memorandum of Understanding (“MOU”) with General Electric Aviation Canada (“GE Canada”) for the purpose of exploring an arrangement whereby GE Canada would support Magellan in establishing and delivering a Canadian-based sustainment solution for the GE F414-GE-400 engine, which powers Boeing’s F/A-18 Block III Super Hornet fighter jet. This initiative is in support of Boeing’s proposal to provide the Block III Super Hornet as a solution for Canada’s Future Fighter Capability Project (“FFCP”). Under this MOU, with the

Jan 14, 2021 05:00 pm ET

Magellan Aerospace to Supply Missile Fin Assemblies to Raytheon Missiles & Defense

Raytheon Missiles & Defense (“Raytheon”) has awarded Magellan Aerospace Corporation (“Magellan”) a contract for the supply of complex missile fin components. These heat-tolerant surface control assemblies will be manufactured at Magellan’s facility in Middletown, Ohio, USA with deliveries in 2020 through 2024. The value of this agreement is approximately $61.4 million.

Dec 10, 2020 07:00 am ET

Magellan Aerospace Delivers 200th Horizontal Stabilizer Shipset for Global F-35 Aircraft Program

Magellan Aerospace Corporation (“Magellan”) announced today the delivery of the 200th set of F-35 Lightning II horizontal stabilizer assemblies under an agreement with BAE Systems. Magellan and BAE Systems have been working together to produce horizontal stabilizers for the global F-35 program since 2009. Both companies have since made significant investment in facilities, technologies and training to ensure the successful delivery of these flight-critical assemblies to the F-35 prime contractor Lockheed Martin.

Nov 10, 2020 05:00 pm ET

Magellan Aerospace Corporation Announces Financial Results

Magellan Aerospace Corporation (“Magellan” or the “Corporation”) released its financial results for the third quarter of 2020. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows:

Nov 06, 2020 05:00 pm ET

Magellan Aerospace Announces Quarterly Dividend

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 December 31, 2020, to stockholders of record at the close of business on December 17, 2020.

Aug 11, 2020 05:00 pm ET

Magellan Aerospace Corporation Announces Financial Results

Magellan Aerospace Corporation (“Magellan” or the “Corporation”) released its financial results for the second quarter of 2020. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows:

Aug 07, 2020 05:00 pm ET

Magellan Aerospace Announces Quarterly Dividend

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 September 30, 2020, to stockholders of record at the close of business on September 16, 2020.

May 25, 2020 07:00 am ET

Magellan Aerospace Announces Normal Course Issuer Bid

Magellan Aerospace Corporation (“Magellan or Corporation") (TSX:MAL) announced today that the Toronto Stock Exchange (the “TSX or Exchange”) has approved its notice of intention to make a normal course issuer bid (“the Bid”) to purchase for cancellation, from time to time, as it considers advisable, up to 2,910,450 of the Corporation's issued and outstanding common shares (the "Shares"), being 5% of the 58,209,001 Shares outstanding as of May 25, 2020.

May 07, 2020 05:00 pm ET

Magellan Aerospace Secures Contract for Rotative Engine Components

Magellan Aerospace Corporation (“Magellan”) announced an agreement with an undisclosed customer for the supply of complex machined rotating engine components for military aircraft platforms. The contract, valued at approximately $46.4 million, will be carried out at Magellan’s facility in Mississauga, Ontario over a five year period commencing in 2020.

May 05, 2020 07:20 pm ET

Magellan Aerospace Corporation Announces Financial Results

Magellan Aerospace Corporation (“Magellan” or the “Corporation”) released its financial results for the first quarter of 2020. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows:

May 05, 2020 06:21 pm ET

Magellan Aerospace Announces Quarterly Dividend

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 June 30, 2020, to stockholders of record at the close of business on June 16, 2020.

May 05, 2020 06:00 pm ET

Magellan Aerospace Announces Report on Voting Results for Directors

Apr 16, 2020 05:00 pm ET

Magellan Aerospace to Provide Black Brant Sounding Rockets to The German Aerospace Center

Magellan Aerospace Corporation (“Magellan”) announced today that it would provide Black Brant sounding rocket motors to The German Aerospace Center (Deutsches Zentrum für Luft- und Raumfahrt e.V. or “DLR”) that is estimated to generate revenue of up to $9.4 million over the term of the agreement. The DLR is the national aeronautics and space research centre of the Federal Republic of Germany. The Mobile Rocket Base (MORABA) is a department of DLR’s Space and Astronaut Training and conducts multiple sounding rocket missions per year for scientific purposes. Under the terms of this agreement, th

Mar 11, 2020 05:25 pm ET

Magellan Aerospace Corporation Announces Financial Results

Magellan Aerospace Corporation (“Magellan” or the “Corporation”) released its financial results for the fourth quarter of 2019. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows:

Mar 06, 2020 05:00 pm ET

Magellan Aerospace Announces Quarterly Dividend

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, 2020, to stockholders of record at the close of business on March 20, 2020.

Jan 13, 2020 05:00 pm ET

Magellan Aerospace Secures Contract with Collins Aerospace Systems – Landing Gear

Magellan Aerospace Corporation (“Magellan”) announced an agreement with Collins Aerospace Systems - Landing Gear (“Collins”), for the supply of nose landing gear assemblies for the B737 aircraft. The assemblies, comprised of complex machined titanium components, are valued at approximately CAD $52 million and will be delivered through 2024 from Magellan’s facility in Kitchener, Ontario.

Nov 13, 2019 05:41 pm ET

Magellan Aerospace Corporation Announces Financial Results

Magellan Aerospace Corporation (“Magellan” or the “Corporation”) released its financial results for the third quarter of 2019. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows:

Nov 08, 2019 05:00 pm ET

Magellan Aerospace Announces Quarterly Dividend

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, a 5 percent increase in the rate of the Corporation’s quarterly dividend from the dividend paid in the third quarter of 2019. This increase in the dividend rate is the sixth consecutive year of dividend increase since 2013, when the Corporation paid its first dividend. The dividend is payable on December 31, 2019, to stockholders of record at the close of business on Decem

Aug 07, 2019 05:00 pm ET

Magellan Aerospace Corporation Announces Financial Results

Magellan Aerospace Corporation (“Magellan” or the “Corporation”) released its financial results for the second quarter of 2019. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows:

Aug 02, 2019 05:00 pm ET

Magellan Aerospace Announces Quarterly Dividend

TORONTO, Aug. 2, 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 September 30, 2019, to stockholders of record at the close of business on September 16, 2019.

Jun 12, 2019 02:08 pm ET

Magellan Aerospace Congratulates the Canadian Space Agency on the Successful Launch of the RADARSAT Constellation Mission

TORONTO, June 12, 2019 /CNW/ - Magellan Aerospace Corporation ("Magellan") congratulates the Canadian Space Agency ("CSA") on the RADARSAT Constellation Mission ("RCM") that was launched successfully today from Vandenberg, California aboard a SpaceX Falcon 9 rocket. The three identical RCM satellite buses were built by Magellan under subcontract to MDA, a Maxar Technologies company, the prime contractor for RCM.

May 14, 2019 08:30 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 07:58 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 06:00 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 05:00 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 08:00 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 08:00 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 11:00 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 11:15 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 07:25 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 04:00 pm 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 05:30 am ET

Magellan Aerospace Increases Investment in Triveni Aeronautics

AERO INDIA 2019

Feb 19, 2019 05:30 am ET

Magellan Aerospace Opens New Manufacturing and Assembly Plant in India

AERO INDIA 2019

Nov 06, 2018 07:08 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 04:00 pm 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 05:30 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 05:00 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 05:00 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 08:20 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 05:00 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 05:00 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 05:00 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 05:30 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 02:00 pm 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 08:14 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 05:00 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 04:51 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 08:30 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 05:00 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 05:00 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 06:00 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 04:10 pm 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 07:30 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 07:30 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 04:20 pm 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 05:01 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 06:00 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 06:00 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 06:00 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 06:00 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 06:00 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 06:10 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 06:06 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 05:30 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 08:13 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 05:00 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 05:00 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 10:00 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 12:45 pm 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 09:00 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 09:00 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 09:00 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 09:00 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 06:28 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 06:37 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 07:45 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 06:00 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 06:00 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 06:32 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 06:39 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 06:16 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 06:00 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 06:15 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 08:29 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 08:30 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 05:27 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.

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