Magellan Aerospace

Updated on Dec 05, 2023

Edit

Comment

Type Public Industry Aerospace Founded 1996 Revenue 843 million CAD (2014) Net income 56.6 million CAD (2014)		Traded as TSX: MAL Website www.magellan.aero Headquarters Mississauga, Canada Number of employees 3,000

Key people N. Murray Edwards (Chairman) James Butyniec (President & CEO) Stock price MAL (TSE) CA$ 18.94 +0.05 (+0.26%)17 Mar, 4:00 PM GMT-4 - Disclaimer Subsidiaries Bristol Aerospace, Aeronca Aircraft, Orenda Engines

Magellan aerospace corp tsx mal news alert

Magellan Aerospace Corporation is a Canadian manufacturer of aerospace systems and components. Magellan also repairs and overhauls, tests, and provides aftermarket support services for engines, and engine structural components. The company's business units are divided into the product areas of aeroengines, aerostructures, rockets and space, and specialty products. Its corporate offices in Mississauga, Ontario, Magellan operates in facilities throughout Canada, the United States, and the United Kingdom.

Magellan is a component supplier for the Airbus A380, the Boeing 787 Dreamliner, the F-35 Joint Strike Fighter, and Bombardier's complete line of business and commuter aircraft. Magellan also supplies gas turbine components for airplanes, helicopters, and military vehicles such as the M-1 Abrams tank.

Ellanef magellan aerospace cutvnews

History

Magellan was formed in 1996 from the remains of Fleet Industries, a subsidiary of the US-based Fleet Aerospace located in Fort Erie, Ontario. They produced products and services for the Canadian military, as well as subassemblies for aviation companies.

Through the 1990s Magellan expanded, buying a number of Canadian aviation companies. These included:

Orenda Aerospace (c. 1946 and now Magellan Repair, Overhaul and Industrial) in Toronto and acquired in 1997

Bristol Aerospace (c. 1930) of Winnipeg and acquired in 1997

Chicopee Manufacturing Limited (c. 1953) in Kitchener, Ontario

Haley Industries (c. 1952) of Haley Station, Ontario and acquired 2002

Several US companies were also added, including Aeronca (formerly part of the US-based portions of Fleet), AMBEL Precision Manufacturing, Ellanef Manufacturing, Middleton Aerospace and Presto Casting Company. They also purchased the assets of Mayflower Aerospace in England, becoming Magellan Aerospace UK in 2003. The Fleet Aerospace division was closed in 2003, was sold, and later re-opened as Fleet Canada Inc. Magellan Aerospace is now an integrated, international company and all of its subsidiaries are wholly owned, operating under the Magellan name.

Projects

Magellan Aerospace also manufactures structures and assemblies for commercial and defence aircraft manufacturers:

General Electric - F101, F110, F404, F414, J79, J85, CF34, CF700, CJ610, LM2500, LM7000, CFE738, T64, CF6

Pratt & Whitney - PW100 Series, PW300 Series, PW500 Series, PW 200, PW4000, PT6, TF33, JT9D, JT15D

Rolls Royce - RTM322, RB211, T406, T800, RR Trent and RB211Industrial, AE 3007, F136

Honeywell - AS900, AGT1500 (used in the M-1 Abrams tank), ALF507, TF40/50, T53 (used in the UH-1 helicopter), T55, LF502

Volvo - RM12

A380 Inner Fixed Trailing Edge

Capabilities

Engine core manufacturing

Exhaust systems and flow paths

Engine and component repair and overhaul

Sand casting

Materials and engine testing

Composite structures and assemblies

Bonded engine and structure components

Machined components

Aircraft refurbishment

Engineering services (Detail Stress/Design of Aerostructures using CATIA/ MSc PATRAN/NASTRAN Classical Hand Calcs)

Rocket weapons systems

Rocketry fuel production

Suborbital rocket systems

Meteological rocket systems

Space and satellite subsystems and components

Industrial power packages - OT3 engines

Wire strike protection for helicopters

Engine development testing services

Engine test facility maintenance support

References

Magellan Aerospace Wikipedia

(Text) CC BY-SA