Magellan Aerospace

MAL.TO

Magellan Aerospace, founded in 1996 and headquartered in Mississauga, Canada, is a global aerospace manufacturer providing integrated products to the aerospace industry.

Mississauga, Canada
Est. 1996
Commercial Public
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Quick Facts
Country
Canada
Founded
1996
Type
commercial
Status
public

About Magellan Aerospace

Magellan Aerospace, founded in 1996 and headquartered in Mississauga, Canada, is a global aerospace manufacturer providing integrated products to the aerospace industry. The company focuses on complex machined components and assemblies for both engine and structural applications. Magellan’s product portfolio includes aeroengine components (hot and cold sections, shafts), aerostructures, major assemblies, and specialized materials. They also manufacture rocket motor cases, spacecraft deployables, and components for small satellite buses.

Notably, Magellan has secured long-term agreements with major industry players, including Pratt & Whitney Canada and GE Aerospace. Recent contracts involve the production of components for the F414-GE-400K aircraft engine used in the Korean KF-21 program, and continued manufacturing for Pratt & Whitney Canada through 2034. Magellan is actively expanding its manufacturing capabilities, demonstrated by a recent Memorandum of Understanding to explore establishing a 50/50 jointly-owned sand casting facility in India with Aequs Private Limited.

As a publicly traded company listed on the TSX, Magellan Aerospace appears to position itself as a key supplier of critical components to leading aerospace and defense companies, with a growing international footprint and focus on expanding manufacturing capacity. Their diverse product range and established relationships suggest a strong position within the aerospace supply chain.

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Market Cap
800000000

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Data Accuracy Notice: Information about Magellan Aerospace is compiled from publicly available sources including company websites, press releases, regulatory filings, and industry reports. Data is reviewed periodically but may not reflect the most recent developments.

Last updated: January 15, 2025
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