OverviewSuggest Edit

Magellan Aerospace is an integrated aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defense and space agencies. The company designs and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced products for military and space markets, industrial power generation, and specialty products. Its products include aerostructure components, engine nacelles, sounding rockets, target systems, small satellites, precision magnesium and aluminum sand castings, aircraft engines, gas turbines, and other industrial components.

TypePublic
Founded1996
HQMississauga, CA
Websitemagellan.aero

Latest Updates

Employees (est.) (Dec 2019)4,200(+11%)
Revenue (FY, 2019)C$1 B(+6%)
Share Price (Jan 2021)C$8.9 (-1%)
Cybersecurity ratingBMore

Key People/Management at Magellan Aerospace

Phillip Underwood

Phillip Underwood

President & CEO
Elena Milantoni

Elena Milantoni

CFO
Jo-Ann Ball

Jo-Ann Ball

Vice President, Human Resources
Karen Yoshiki-Gravelsins

Karen Yoshiki-Gravelsins

Vice President, Corporate Stewardship & Operational Excellence
Mark Allcock

Mark Allcock

Vice President, Information Technology
Jim Powell

Jim Powell

Vice President, North American Operations
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Magellan Aerospace Office Locations

Magellan Aerospace has offices in Mississauga, Haley Station, Kitchener, Winnipeg and in 14 other locations
Mississauga, CA (HQ)
3160 Derry Rd E
Haley Station, CA
634 Magnesium Rd
Kitchener, CA
975 Wilson Ave
Winnipeg, CA
660 Berry St
Marignane, FR
Zac des Florides, boulevard Jean-Loup Chrétien
Bengaluru, IN
Plot No. 69 to 81, (Aerospace SEZ sector) Hitech Defence and Aerospace Park, Devanahalli
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Magellan Aerospace Financials and Metrics

Magellan Aerospace Revenue

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Magellan Aerospace's revenue was reported to be C$1.02 b in FY, 2019 which is a 5.1% increase from the previous period.
CAD

Revenue (Q1, 2020)

238.8m

Gross profit (Q1, 2020)

36.8m

Gross profit margin (Q1, 2020), %

15.4%

Net income (Q1, 2020)

20.1m

EBIT (Q1, 2020)

27.0m

Market capitalization (13-Jan-2021)

516.1m

Closing stock price (13-Jan-2021)

8.9

Cash (31-Mar-2020)

32.4m

EV

601.2m
Magellan Aerospace's current market capitalization is C$516.1 m.
Annual
CADFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

1.0b969.0m966.8m1.0b

Revenue growth, %

6%(3%)0%5%

Cost of goods sold

825.0m793.1m803.5m859.3m

Gross profit

178.9m175.8m163.3m157.0m
Quarterly
CADQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

247.2m253.5m232.6m244.6m241.2m226.5m269.9m264.1m235.6m238.8m

Cost of goods sold

204.0m207.2m191.3m204.2m199.9m188.8m227.1m219.0m200.5m202.0m

Gross profit

43.2m46.2m41.3m40.4m41.3m37.7m42.8m45.1m35.1m36.8m

Gross profit Margin, %

17%18%18%17%17%17%16%17%15%15%
Annual
CADFY, 2016FY, 2017FY, 2018FY, 2019

Cash

7.6m40.4m63.3m69.6m

Accounts Receivable

172.9m153.7m166.9m148.1m

Prepaid Expenses

18.0m14.2m20.1m21.1m

Inventories

209.0m197.9m175.1m196.8m
Annual
CADFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

88.6m111.3m89.1m67.4m

Depreciation and Amortization

50.7m46.5m43.8m55.6m

Inventories

(7.5m)8.0m1.9m(21.1m)

Accounts Payable

30.4m(17.3m)(6.0m)(4.0m)
Quarterly
CADQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

39.4m59.8m79.1m17.5m40.9m59.5m20.4m42.1m58.0m20.1m

Depreciation and Amortization

12.5m24.7m35.6m10.6m21.5m32.6m13.5m27.2m40.6m14.5m

Inventories

(4.8m)(3.1m)(4.4m)3.9m1.5m(7.1m)(2.1m)(6.0m)(17.3m)(13.5m)

Accounts Payable

(10.4m)(20.4m)(19.0m)(14.3m)(13.5m)(15.5m)12.4m(7.9m)4.5m(2.8m)
CADFY, 2016

Revenue/Employee

257.4k

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.6 x
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Magellan Aerospace Operating Metrics

FY, 2016FY, 2017FY, 2018

Manufacturing Facilities

16 17 17

Manufacturing Facilities (Asia)

1

Manufacturing Facilities (Canada)

4 4 4

Manufacturing Facilities (United States)

6 6 6
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Magellan Aerospace Acquisitions / Subsidiaries

Company NameDateDeal Size
Euravia Engineering & Supply Co LtdJune 29, 2015
Bristol Aerospace Limited
Chicopee Manufacturing Limited
Haley Industries Limited
Magellan Aerospace Glendale, Inc.
Magellan Aerospace Haverhill, Inc.
Magellan Aerospace (India) Pvt. Ltd.
Magellan Aerospace Limited
Magellan Aerospace Middletown, Inc.
Magellan Aerospace New York, Inc.
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Magellan Aerospace Revenue Breakdown

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Magellan Aerospace revenue breakdown by business segment: 14.6% from Services and 85.4% from Sale of Goods

Magellan Aerospace revenue breakdown by geographic segment: 32.1% from Europe, 31.8% from United States and 36.1% from Canada

Magellan Aerospace Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

Magellan Aerospace Online and Social Media Presence

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Magellan Aerospace Blogs

Magellan to Exhibit at the Aerospace and Defense Supplier Summit

Magellan is attending the Aerospace and Defense Supplier Summit, taking place 6-8 April 2020 at the Washington State Convention Center.  We look forward to meeting with the Boeing Conference Day attendees and the other B2B participants.  All are welcome to drop by our booth located at 1503 – 1505 in…

Magellan and Euravia to Exhibit in the Canadian Pavilion at the Singapore Airshow

Asia’s largest aerospace and defence event, the Singapore Airshow, will be held from 11-16 February 2020 at the Changi Exhibition Centre. Visit Magellan and Euravia representatives at booth #U97 in the Canadian Pavilion.   The post Magellan and Euravia to Exhibit in the Canadian Pavilion at the Sing…

Magellan and Euravia to Exhibit at Heli-Expo 2020

The world’s largest helicopter trade show and exhibition, Heli-Expo, takes place from 28-30 January 2020 at the Anaheim Convention Center in Anaheim, California. Visit representatives from Magellan and Euravia, a Magellan Aerospace company, at booth #224. Highlighted will be Euravia’s PT6 and M250 e…

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

On 12 June 2019, Magellan Aerospace congratulates the Canadian Space Agency 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 t…

Magellan to Exhibit at the 2019 Paris Air Show

Magellan will exhibit at the International Paris Air Show, held in Le Bourget, France from 17-23 June 2019. Visit the Magellan team in the Canadian Pavilion, located in Hall 3 at Stand D80.   The post Magellan to Exhibit at the 2019 Paris Air Show appeared first on Magellan Aerospace.

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

Today, May 14, 2019, Magellan Aerospace Corporation announced that it will continue producing F-35 Lightning II 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 awar…
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Magellan Aerospace Frequently Asked Questions

  • When was Magellan Aerospace founded?

    Magellan Aerospace was founded in 1996.

  • Who are Magellan Aerospace key executives?

    Magellan Aerospace's key executives are Phillip Underwood, Elena Milantoni and Jo-Ann Ball.

  • How many employees does Magellan Aerospace have?

    Magellan Aerospace has 4,200 employees.

  • What is Magellan Aerospace revenue?

    Latest Magellan Aerospace annual revenue is C$1 b.

  • What is Magellan Aerospace revenue per employee?

    Latest Magellan Aerospace revenue per employee is C$242 k.

  • Who are Magellan Aerospace competitors?

    Competitors of Magellan Aerospace include Heroux-Devtek, GKN Aerospace and Curtiss-Wright.

  • Where is Magellan Aerospace headquarters?

    Magellan Aerospace headquarters is located at 3160 Derry Rd E, Mississauga.

  • Where are Magellan Aerospace offices?

    Magellan Aerospace has offices in Mississauga, Haley Station, Kitchener, Winnipeg and in 14 other locations.

  • How many offices does Magellan Aerospace have?

    Magellan Aerospace has 19 offices.