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2023-06-12 17:45:00 ET Russia’s invasion of Ukraine in February 2022 stunned world opinion and spurred Canada and its NATO allies into action. Since then, the European Union and NATO coalition has pledged billions to the defence of Ukraine. The two sides remain locked in a bitter war...
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 del...
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 De...
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...
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 betwee...
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 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 ...
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 con...
The S&P/TSX Composite Index was down 171 points in late-morning trading on May 31. Canadian stocks have enjoyed a solid rebound in the second half of May. However, impending interest rate hikes from the Bank of Canada (BoC) have conjured up investor anxieties once again. Today, I wa...
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&...
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Magellan Aerospace Corporation (“Magellan”) announced today the signing of a Memorandum of Understanding (MOU) with Aequs Private Limited (“Aequs”) to explore the development of a business plan for a jointly-owned engine MRO business in the Aequs Special Economic Zone,...
2024-05-14 11:45:00 ET The artificial intelligence (AI) revolution is applicable not only to business operations and supply chains but also to other industries that need efficient systems and improved capabilities. In 2022, the U.S. Department of Defense said it would integrate AI technolog...
Magellan Aerospace Corporation (“Magellan”) announced today that it would provide Black Brant vehicles and hardware to Peraton in support of the NASA Sounding Rocket Program. Under the terms of the five-year agreement Magellan will supply NASA’s annual requirements and could ...