| Type | Public (TSX: MAL) |
|---|---|
| Industry | Aerospace |
| Founded | 1996 |
| Headquarters | Mississauga, Ontario, Canada |
| Key people | N. Murray Edwards (Chairman), James Butyniec (President and CEO) |
| Revenue | $686.4 million (2008)[1] |
| Net income | $12.9 million (2008)[2] |
| Employees | 3,000[3] |
| Subsidiaries | Bristol Aerospace |
| Website | www.magellan.aero |
Magellan Aerospace Corporation (TSX: MAL) is a Canadian manufacturer of aerospace systems and components. Magellan also repairs and overhauls, tests, and provides aftermarket support services for engines, and engine structural components. The company's business units are divided into the product areas of aeroengines, aerostructures, rockets and space, and specialty products. Its corporate offices in Mississauga, Ontario, Magellan operates in facilities throughout Canada, the United States, and the United Kingdom.
Magellan is a component supplier for the Airbus A380, the Boeing 787 Dreamliner, the F-35 Joint Strike Fighter, and Bombardier's complete line of business and commuter aircraft. Magellan also supplies gas turbine components for airplanes, helicopters, and military vehicles such as the M-1 Abrams tank.
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Magellan was formed in 1996 from the remains of Fleet Industries, a subsidiary of the US-based Fleet Aerospace located in Fort Erie, Ontario. They produced products and services for the Canadian military, as well as subassemblies for aviation companies.
Through the 1990s Magellan expanded, buying a number of Canadian aviation companies. These included Orenda Aerospace (now Magellan Repair, Overhaul and Industrial) in Toronto, Bristol Aerospace of Winnipeg, Chicopee Manufacturing[4] in Kitchener, Ontario and Haley Industries. Several US companies were also added, including Aeronca (formerly part of the US-based portions of Fleet), AMBEL Precision Manufacturing, Ellanef Manufacturing, Middleton Aerospace and Presto Casting Company. They also purchased the assets of Mayflower Aerospace in England, becoming Magellan Aerospace UK in 2003. The Fleet Aerospace division was closed in 2003, was sold, and later re-opened as Fleet Canada Inc. Magellan Aerospace is now an integrated, international company and all of its subsidiaries are wholly owned, operating under the Magellan name.
Magellan Aerospace also manufactures structures and assemblies for commercial and defence aircraft manufacturers:
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