Aeroengines
Aeroengine components
Manufacturing of aeroengine components and assemblies, with expertise in complex fabrications and rotatives, spanning engine cold section, hot section, shafts and specialty materials.
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Magellan Aerospace
AviationDefenceSpaceTSX: MALMississauga, ON
TSX-listed Ontario manufacturer of aeroengine and aerostructure components for commercial and defence aircraft, with a Winnipeg space division building small satellite buses, avionics and Black Brant rockets.
Canadian innovation builds a brighter tomorrow.
About
Company site: magellan.aeroTSX-listed Ontario manufacturer of aeroengine and aerostructure components for commercial and defence aircraft, with a Winnipeg space division building small satellite buses, avionics and Black Brant rockets.
FY2025 revenue reached $1,044.7 million, up 10.9% from $942.4 million in 2024, with net income of $39.4 million. magellan.aero
Awarded up to $6.9 million by the Canadian Space Agency in October 2025 for MINERAL, a lunar CubeSat orbiter and micro penetrator built in Winnipeg. magellan.aero
Designs, builds, tests and will operate DND's Redwing space domain awareness microsatellite, a project valued at $15.8 million; DND added a $900,000 nanosatellite contract option in 2024. magellan.aero
Its Winnipeg space heritage began with the first Black Brant rocket launch in 1959 and now includes five spacecraft in orbit. magellan.aero
Defence markets accounted for 38% of its 2025 revenue, up from 35% in 2024. magellan.aero
Builds F-35 Lightning II horizontal tail assemblies in Winnipeg for the CTOL variant under multi-year agreements with BAE Systems, renewed in December 2022. magellan.aero
Q2 2026 revenue was $305.6 million, up 22.3% year over year, with net income of $19.8 million against $5.4 million a year earlier. magellan.aero
Its 2025 annual report recognises $25.4 million repayable to Canadian government agencies as future royalty payments; the programs and agencies are not named in the filing. magellan.aero
Employs 3,973 people, approximately 33% of them covered by collective bargaining agreements, per its own 2025 annual report. magellan.aero
Its registered and head office is 3160 Derry Road East, Mississauga, Ontario, per its own 2025 annual report, and it remains listed on the TSX as MAL. magellan.aero
Products & Services
Company site: magellan.aeroProducts Magellan Aerospace publishes on its own site. Each card links to the page it was taken from.
Aerostructures
Airframe structures
Major assemblies and components for airframe structures, supplied to aerospace primes.
Learn moreWire Strike Protection System
Helicopter safety system
A passive helicopter safety system that guides wires over the fuselage into cutting blades, with an upper cutter, lower cutter and windshield deflector. More than 30,000 kits delivered, available for over 70 military and commercial helicopter models.
Learn moreBlack Brant
Sounding rocket
A sounding rocket family in service since 1962, with more than 1,000 launched and a vehicle success rate above 98 per cent, alongside custom rocket motor systems tailored to specific missions.
Learn moreDeployment & Services
Company site: magellan.aeroHow Magellan Aerospace says its technology can be deployed and delivered.
Partnerships
Publicly announced partnerships.
GE Aerospace (F414 revenue sharing)
Executed amendment to a long-term revenue-sharing agreement (April 2025) adding F414-GE-400K components; Magellan is sole-source for the KF-21, US Navy spares and Gripen F414-39E for seven years.
GE Aerospace (Gripen MRO)
Memorandum of understanding (July 2026) to establish Canadian MRO for the F414-GE-39E in Mississauga. Explicitly predicated on Canada proceeding with the Gripen E.
TKMS (thyssenkrupp Marine Systems)
Executed teaming agreement (February 2026) establishing a framework for heavyweight torpedo production and in-service support for the Canadian Patrol Submarine Project. Not a production contract.
Pratt & Whitney Canada
Executed contract extensions and new manufacturing programme awards (April 2025) for complex machined components, delivered from Tumakuru, Karnataka, India through 2034.
Aequs Private Limited
Memorandum of understanding only (March 2025) to explore a business plan for a proposed 50/50 aerospace sand-casting facility at the Belagavi Aerospace Cluster, India.
Government & Grants
Government support actually received. Unpublished amounts are left out.
Canadian Space Agency — MINERAL lunar CubeSat orbiter and micro penetrator — procurement contract
2025magellan.aeroNational Defence / DRDC — Redwing space domain awareness microsatellite — R&D procurement contract
2024magellan.aeroRegional Economic Growth through Innovation, PrairiesCan (recorded to subsidiary Magellan Aerospace Limited, Winnipeg Division) - contribution
Western Diversification Program, Western Economic Diversification Canada — contribution
Green Industrial Facilities and Manufacturing Program, Natural Resources Canada — contribution
Class Grant and Contribution Program, Canadian Space Agency (next-generation spacecraft command and data handling) — contribution
Class Grant and Contribution Program, Canadian Space Agency — contribution
Government of Manitoba (provincial, distinct from the federal PrairiesCan award) - grant supporting Winnipeg facility investment, repayable only on covenant breach; received in full Q3 2025
People
Sourced from the company's own pages or announcements.
Phillip C. Underwood
President & Chief Executive Officer
Elena M. Milantoni
Chief Financial Officer & Corporate Secretary
Technology Focus
Company site: magellan.aeroTerms the company uses about its own work.
AerostructuresAeroengine componentsPrecision castingsEngine repair and overhaulSmall satellite busesSpacecraft avionicsSounding rockets
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