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. It 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. Magellan Aerospace's 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.

HQMississauga, CA

Latest Updates

Employees (est.) (Dec 2018)3,800
Revenue (FY, 2018)C$966.8 M
Share Price (May 2020)C$6.3 (+7%)

Key People/Management at Magellan Aerospace

Phillip Underwood

Phillip Underwood

President, CEO, Director
Elena Milantoni

Elena Milantoni

Jo-Ann Ball

Jo-Ann Ball

VP, Human Resources
David Ayton

David Ayton

VP, European Operations
Karen Yoshiki-Gravelsins

Karen Yoshiki-Gravelsins

VP, Corporate Stewardship & Operational Excellence
Jim Powell

Jim Powell

VP, North American Operations
Show more

Magellan Aerospace Office Locations

Magellan Aerospace has offices in Mississauga, Haley Station, Kitchener, Winnipeg and in 12 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
Show all (17)

Magellan Aerospace Financials and Metrics

Magellan Aerospace Revenue

Embed Graph
View revenue for all periods
Magellan Aerospace's revenue was reported to be C$966.75 m in FY, 2018 which is a 0.2% decrease from the previous period.

Revenue (Q3, 2019)


Gross profit (Q3, 2019)


Gross profit margin (Q3, 2019), %


Net income (Q3, 2019)


EBITDA (Q3, 2019)


EBIT (Q3, 2019)


Market capitalization (27-May-2020)


Closing stock price (27-May-2020)


Cash (30-Sept-2019)



Magellan Aerospace's current market capitalization is C$363.8 m.
CADFY, 2016FY, 2017FY, 2018



Revenue growth, %


Cost of goods sold


Gross profit

CADQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019



Cost of goods sold


Gross profit


Gross profit Margin, %

CADFY, 2016FY, 2017FY, 2018



Accounts Receivable


Prepaid Expenses



CADFY, 2016FY, 2017FY, 2018

Net Income


Depreciation and Amortization




Accounts Payable

CADQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2020

Net Income


Depreciation and Amortization




Accounts Payable

Show all financial metrics

Magellan Aerospace Operating Metrics

FY, 2016FY, 2017FY, 2018

Manufacturing Facilities

16 17 17

Manufacturing Facilities (Asia)


Manufacturing Facilities (Canada)

4 4 4

Manufacturing Facilities (United States)

6 6 6
Show all operating metrics

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.
Show more

Magellan Aerospace Revenue Breakdown

Embed Graph

Magellan Aerospace revenue breakdown by business segment: 85.3% from Sale of Goods and 14.7% from Services

Magellan Aerospace revenue breakdown by geographic segment: 33.2% from Canada, 33.7% from United States and 33.1% from Europe

Magellan Aerospace Online and Social Media Presence

Embed Graph

Magellan Aerospace Blogs

2019 AGM

Magellan Aerospace’s Annual General Meeting of Shareholders will be held on Tuesday, May 7, 2019 at 2:00 p.m. ET at: The Living Arts Centre 4141 Living Arts Drive Mississauga, ON L5B 4B8 2018 Annual Report 2019 Management Information Circular AGM Webcast Link     The post 2019 AGM appeared first on …

Magellan Aerospace Secures Contracts for Engine Front Frames and Shafts

On Monday, 29 April 2019, Magellan Aerospace announced agreements 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 u…

Magellan Aerospace Signs Multi-Year Contract to Produce Control Surface Ribs for the 777x

On Wednesday, 24 April 2019, Magellan Aerospace Corporation announced it has reached a multi-year agreement with The Boeing Company to manufacture 777X control surface ribs in support of Boeing’s Focused Factory initiative. Full story. The post Magellan Aerospace Signs Multi-Year Contract to Produce…

Magellan Aerospace Contracts with Atlas Elektronik Canada Ltd. for SeaSpider® Anti Torpedo Torpedo

On Friday, 12 April 2019, Magellan Aerospace announced an agreement with Atlas Elektronik Canada Ltd. for the design and development phase of the SeaSpider® Anti Torpedo Torpedo program. The initial CDN $19 million phase of the program was launched in January 2019 and is expected to conclude in 2023…

Magellan to Exhibit at the 35th Space Symposium

Magellan Aerospace will exhibit at North America’s largest space event, the 35th Space Symposium, at the Broadmoor Hotel in Colorado Springs, Colorado from 8-11 April 2019. Visit Magellan’s representatives at our exhibit in the Canadian Aerospace Community at stand #1225.   The post Magellan to Exhi…

Magellan Aerospace Announces Contracts to Produce Aircraft Illumination Flares

On Friday, 15 March 2019, Magellan Aerospace announced 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.  Full story. The post Magellan Aerospace Announces Contracts to Produce Aircraf…
Show more

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 3,800 employees.

  • What is Magellan Aerospace revenue?

    Latest Magellan Aerospace annual revenue is C$966.8 m.

  • What is Magellan Aerospace revenue per employee?

    Latest Magellan Aerospace revenue per employee is C$254.4 k.

  • Who are Magellan Aerospace competitors?

    Competitors of Magellan Aerospace include Roketsan, HEICO Aerospace Holdings and NORDAM.

  • 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 12 other locations.

  • How many offices does Magellan Aerospace have?

    Magellan Aerospace has 17 offices.