Magellan Aerospace
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.
| Type | Public | |
| Founded | 1996 | |
| HQ | Mississauga, CA | Map |
| Website | magellan.aero |
Key People/Management at Magellan Aerospace
Phillip Underwood
President & CEO
Elena Milantoni
CFO
Jo-Ann Ball
Vice President, Human Resources
Karen Yoshiki-Gravelsins
Vice President, Corporate Stewardship & Operational Excellence
Ian Roberts
Vice President, Information Technology
Mark Allcock
Vice President, Information Technology
Magellan Aerospace Office Locations
Magellan Aerospace has offices in Mississauga, Haley Station, Kitchener, Winnipeg and in 13 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
Magellan Aerospace Financials and Metrics
Magellan Aerospace Revenue
Magellan Aerospace's revenue was reported to be C$744.41 m in FY, 2020 which is a 26.7% decrease from the previous period.
| USD | |
|---|---|
Revenue (Q2, 2021) | 167.6m |
Gross profit (Q2, 2021) | 13.6m |
Gross profit margin (Q2, 2021), % | 8.1% |
Net income (Q2, 2021) | 1.1m |
EBIT (Q2, 2021) | 2.3m |
Market capitalization (10-Nov-2021) | 592.9m |
Closing stock price (10-Nov-2021) | 10.3 |
Cash (30-Jun-2021) | 46.3m |
EV | 621.0m |
Magellan Aerospace's current market capitalization is C$592.9 m.
Annual
Annual
Annual
Quarterly
| CAD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
|---|---|---|---|---|---|---|---|---|
Net Income | 20.4m | 42.1m | 58.0m | 20.1m | 26.2m | 26.2m | 3.3m | 4.3m |
Depreciation and Amortization | 13.5m | 27.2m | 40.6m | 14.5m | 28.2m | 41.2m | 13.0m | 25.6m |
Inventories | (2.1m) | (6.0m) | (17.3m) | (13.5m) | (29.8m) | (26.5m) | (2.2m) | 417.0k |
Accounts Payable | 12.4m | (7.9m) | 4.5m | (2.8m) | (27.3m) | (24.4m) | 2.2m | 7.5m |
| USD | FY, 2018 |
|---|---|
Revenue/Employee | 254.4k |
Debt/Equity | 0.1 x |
Debt/Assets | 0.1 x |
Financial Leverage | 1.4 x |
Magellan Aerospace Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Lawrence Ripak Co., Inc. | November 16, 2015 | $23.7 m |
| Euravia Engineering & Supply Co Ltd | June 29, 2015 | |
| Ellanef Manufacturing Corp. | December 31, 1999 | |
| Bristol Aerospace Limited | July 02, 1997 | c$62.5 m |
| Bristol Aerospace Limited | ||
| Euravia Engineering & Supply Co. Limited | ||
| GNC America Inc. | ||
| Haley Holding Company Ltd | ||
| Haley Industries Limited | ||
| Magellan Aerospace, Bethel, Inc. |
Magellan Aerospace Revenue Breakdown
Magellan Aerospace revenue breakdown by business segment: 81.4% from Sale of Goods and 18.6% from Services
Magellan Aerospace revenue breakdown by geographic segment: 45.5% from Canada, 27.2% from United States and 27.3% from Europe
Magellan Aerospace Cybersecurity Score
Magellan Aerospace Environment, Social & Governance (ESG) Ratings
Magellan Aerospace Online and Social Media Presence
64 Twitter followers
Magellan Aerospace has 64 Twitter Followers. The number of followers has increased 13.5% month over month and increased 38.4% quarter over quarter
Magellan Aerospace's Trends
Twitter Engagement Stats for @magellanaero
6
Tweets
15
Following
64
Followers
2
Tweets last 30 days
0.5
Avg. likes per Tweet
100%
Tweets with engagement
Magellan Aerospace News and Updates
August 26, 2021
Magellan Aerospace (TSE:MAL) Is Due To Pay A Dividend Of CA$0.10
Magellan Aerospace Corporation (TSE:MAL) will pay a dividend of CA$0.10 on the 29th of September. This makes the dividend yield 4.2%, which will augment investor returns quite nicely.
August 25, 2021
Memorial Award available for Mechanical and Electrical Engineering students
Red River College announced today the Magellan Aerospace James (Jim) S. Butyniec Memorial Award available for Mechanical and Electrical Engineering students.
August 10, 2021
Magellan Aerospace Corporation announces financial results
Magellan Aerospace Corporation (“Magellan” or the “Corporation”) released its financial results for the second quarter of 2021. All amounts are expressed in Canadian dollars unless otherwise indicated.
August 06, 2021
Magellan Aerospace announces Quarterly Dividend
Magellan Aerospace Corporation ("Magellan Aerospace") (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.105 (ten and one-half cents) per share on the Corporation’s common shares. The dividend is payable on September 29, 2021, to stockholders of record at…
June 21, 2021
Magellan Aerospace secures multi-year airbus contract renewal
Magellan Aerospace Corporation (“Magellan”) announced today a contract extension between Magellan Aerospace (UK) Limited and Airbus SAS (“Airbus”) for the supply of aluminum and titanium structural wing components from Magellan UK’s facilities located throughout Europe and India
May 25, 2021
Magellan Aerospace announces renewal of Normal Course Issuer Bid
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”) or other alternative Canadian trading s…
Magellan Aerospace Blogs
February 28, 2020
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…
January 14, 2020
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…
January 14, 2020
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…
June 12, 2019
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…
June 11, 2019
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.
May 14, 2019
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…
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 3,400 employees.
What is Magellan Aerospace revenue?
Latest Magellan Aerospace annual revenue is C$744.4 m.
What is Magellan Aerospace revenue per employee?
Latest Magellan Aerospace revenue per employee is C$218.9 k.
Who are Magellan Aerospace competitors?
Competitors of Magellan Aerospace include Curtiss-Wright, Ratier-Figeac and RUAG International.
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 13 other locations.
How many offices does Magellan Aerospace have?
Magellan Aerospace has 17 offices.
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