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Company Description

Contact Info

3160 Derry Road East

Mississauga, ON L4T 1A9


Phone: 905-677-1889

Fax: 905-677-5658

Magellan Aerospace Corporation, through its wholly-owned subsidiaries, engages in the engineering, manufacture, and repair and overhaul of components and assemblies for the aerospace industry. The company operates a single business segment: the manufacture of aerospace components and related services. In this segment, the company has four product groupings: aerostructures, aeroengines, rockets and space systems. Aerostructure and aeroengine products are both used in new aircrafts, as well as for spares and replacement parts, and for commercial and military applications. Rockets and space systems are used for scientific and reconnaissance applications, defence tasks and space exploration. Additional proprietary products are used in flight safety and energy delivery roles. The company focuses on selected activities within the aerospace industry. These include design and manufacture of aircraft structural components, precision machining of a variety of aerospace material, composites, complex high technology magnesium and aluminium alloy castings, and repair and overhaul technologies. The company supplies aerostructures products to an international customer base in the civil and defence markets. Its components are manufactured to aerospace tolerances using conventional and high-speed automated equipment. The company’s activities also include precision casting of engine and airframe mounted components. The company, within the aeroengines product grouping, manufactures complex cast, fabricated and machined gas turbine engine components, both static and rotating, and integrated nacelle components, flow paths and engine exhaust systems for aeroengine manufacturers. The company also performs repair and overhaul services for jet engines, nacelle components, landing gears and related components. Markets The markets for the company’s products are located primarily in Canada, the United States, the United Kingdom and other parts of Europe. QuEst Machining & Manufacturing The company, in February 2007, formed a 50:50 joint ownership company with QuEst Machining & Manufacturing to launch the first independent processing facility in India to serve to the needs of the aerospace manufacturing industry. This facility would initially focus on processes for aluminum, titanium, and stainless steel components for aero-structure and aero-engine components. Significant Events The company, in February 2008, acquired 100% of the outstanding common shares of Verdict Aerospace Components Ltd. Verdict is a high precision manufacturer of make to print components and assemblies for the global aerospace industry. Verdict specializes in precision airframe components and assemblies for aerostructures, orbit payloads and missile seeker systems. Customers The company’s major customers include The Boeing Company and Airbus. History Magellan Aerospace Corporation was founded in 1994.


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Price/Earnings 10.7x
Price/Sales 0.9x
Price/Book 1.7x
Price/Cash Flow 10.4x
TEV/Sales 0.7x

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