Magellan Aerospace
Magellan Aerospace is a tier-2 Canadian aerospace manufacturer producing complex machined components, aerostructure assemblies, and engine programs for OEMs such as GE Aerospace and Pratt & Whitney Canada, with operations across North America, Europe, and India.
- Company typePublic
- Founded1996
- HeadquartersMississauga, Canada
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Magellan Aerospace does
Magellan Aerospace Corporation (TSX: MAL) is a tier-2 aerospace supplier headquartered in Mississauga, Ontario, Canada, with manufacturing and MRO operations across Canada, the United States, the United Kingdom, Poland, and India. The company produces complex machined components, aerostructure assemblies, and engine programs for global OEMs, and holds a multi-decade relationship with GE Aerospace alongside significant positions on Pratt & Whitney Canada engines. Its core products include engine components and assemblies (F414, PWC programs), aerostructures, and a portfolio of MRO and engineering services; the company has also acquired intellectual property such as the LTS101 engine type certificate from Honeywell (March 2026). It is expanding into defense and space adjacencies, including the KF-21 and Gripen F414 programs, the Canadian Patrol Submarine Project with TKMS, WASS/Fincantieri underwater defense work, M-72 Light Anti-Tank Weapon domestic production, and the MINERAL lunar mission contract from the Canadian Space Agency.
The business model is project- and contract-based, generating revenue through long-term supply agreements (e.g., Pratt & Whitney Canada LTAs through 2034), risk- and revenue-sharing arrangements with OEMs (e.g., GE Aerospace on F414), military and defense procurement contracts, and commercial MRO services. Customer segments are dominated by large aerospace and defense primes (GE Aerospace, Pratt & Whitney Canada, Boeing, Lockheed Martin, Airbus) and government customers (Canadian Armed Forces, Canadian Space Agency). Revenue is recognized under long-cycle aerospace manufacturing and MRO contracts, with program-level visibility extending multiple years. FY2025 revenue was approximately C$1.04 billion (+10.9% YoY) and Q1 2026 revenue reached C$285.1 million (+9.3% YoY) with adjusted EBITDA margin of 13.0%, reflecting both civil aerospace recovery and increased defense pull-through.
Magellan Aerospace firmographics
Firmographics- Name
- Magellan Aerospace
- Legal name
- Magellan Aerospace Corporation
- Website
- https://magellan.aero
- Company type
- Public
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Magellan Aerospace is a tier-2 Canadian aerospace manufacturer producing complex machined components, aerostructure assemblies, and engine programs for OEMs such as GE Aerospace and Pratt & Whitney Canada, with operations across North America, Europe, and India.
- Ownership category
- akta.pro rank
Magellan Aerospace industry classification
Industry- Product category
- Aerospace Manufacturing
- NAICS
- Aerospace Product and Parts Manufacturing (33641), Aircraft Manufacturing (336411), Guided Missile and Space Vehicle Manufacturing (336414), Other Guided Missile and Space Vehicle Parts and Auxiliary Equipment Manufacturing (336419), Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511)
- SIC
- Aircraft & Parts (3720), Aircraft Engines & Engine Parts (3724), Guided Missiles & Space Vehicles & Parts (3760), Aircraft Parts & Auxiliary Equipment, Nec (3728), Aircraft (3721)
- akta.pro primary industry
- Military Aircraft Structures, Airframes & Composites (IMABAMAH)
- akta.pro secondary industries
- Military Avionics, Mission Computers & Flight Controls (IMABAMAE), Engine Control, Fuel & Ignition Systems (FADEC/Accessories) (IMABADAK)
Keywords
Where Magellan Aerospace is headquartered
LocationHeadquarters
- HQ city
- Mississauga
- HQ country
- Canada
- HQ region
- North America
Offices8 records
Markets served
Magellan Aerospace business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure
Revenue model
- Aerospace Component Manufacturing: Design and manufacture of aeroengine and aerostructure assemblies and components for commercial and defense aerospace markets. Revenue from long-term agreements with Pratt & Whitney Canada (through 2034), GE Aerospace RSA amendments, and various OEM contracts.
- Maintenance, Repair & Overhaul (MRO): Engine and component repair and overhaul services through Euravia Engineering (UK) and Euravia North America (Arizona), supporting over 150 customers in 50 countries
- Defense Products: Advanced proprietary products for military markets including rockets (Black Brant), space systems, and weapon systems (M-72 Light Anti-Tank Weapon, LUU flares)
- Space Systems: Small satellite bus platforms, avionics, and space manufacturing including lunar programs (MINERAL mission, Lunar Utility Rover subsystems)
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Multi-year contract | Commercial aerospace components and assemblies |
| Unit Pricing | Multi-year contract | Defense government contracts |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels4 records
Magellan Aerospace product offering
Product offeringCore offering
Magellan Aerospace is a global integrated aerospace manufacturer that designs and produces aeroengine and aerostructure assemblies and components, the proprietary Wire Strike Protection System (WSPS) for helicopters, Black Brant sounding rockets, small satellite bus platforms and space subsystems, aerospace-grade sand castings, and provides engine and component Maintenance, Repair & Overhaul (MRO) services. The company operates as a Tier-2 supplier to major aircraft and engine OEMs (Boeing, Airbus, GE Aerospace, Pratt & Whitney), defense agencies, and space programs.
Product overview
Magellan Aerospace is a global aerospace company providing integrated products and services to the aerospace industry worldwide. The company operates as a Tier-2 supplier providing complex assemblies and systems solutions to aircraft and engine manufacturers, and defense and space agencies. The product portfolio centers on five core offerings: Aeroengine Assemblies and Components (engine cold section, hot section, shafts, specialty materials); Aerostructure Assemblies and Components (major assemblies, individual components); the proprietary Wire Strike Protection System (WSPS) for helicopter wire strike protection; Space Products (small satellite bus platforms, avionics, space services, manufactured components); Sand Castings (aerospace-grade sand casting with 3D sand printing capabilities); and Maintenance, Repair & Overhaul (engine MRO, component MRO, lifecycle management). Additional products include Black Brant sounding rockets, M-72 Light Anti-Tank Weapon domestic production, MINERAL lunar mission components, and specialized cold spraying technology for component repair. Operations span North America, Europe, and India with facilities in Mississauga, Winnipeg, and international locations.
Differentiator
Problem solved
Functional benefit
Products and services
- Aeroengine Assemblies and Components
- Aerostructure Assemblies and Components
- Wire Strike Protection System (WSPS)
- Black Brant Rockets
- Space Products
- Sand Castings
- Maintenance, Repair & Overhaul (MRO)
- M-72 Light Anti-Tank Weapon
- MINERAL Lunar Mission Components
- LUU Flare Products
Quantifiable outcome
- Full year 2025 revenue $1.04 billion, up 10.9% year-over-year
- +3 more outcomes
Companies that use Magellan Aerospace
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles3 records
Magellan Aerospace technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Magellan Aerospace partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and secondary.
- GE AerospacecoreMOU for maintenance, repair, and overhaul services in Canada for F414-GE-39E engine powering Saab JAS 39 Gripen fighter. Positions Magellan as local provider for engine support contingent on Canadian government Gripen selection. Builds on 60+ year relationship between companies. Amendment to Revenue Sharing Agreement includes KF-21 aircraft program components.
- WASS (Fincantieri Submarine Systems)secondaryMOU to explore Canadian industrial cooperation in heavyweight torpedoes and torpedo countermeasures. Framework for potential collaboration across component production, assembly, testing, maintenance, and in-service support for Canada's underwater defense sector.
- Mission ControlsecondaryMagellan selected to support development of Canada's lunar utility rover as part of $4.7M CSA contract. Magellan designing critical subsystems including power, thermal, flight computer, and flight software for semi-autonomous lunar rover.
- University of ManitobasecondaryPartnership on MINERAL lunar mission where University provides CubeSat bus and develops Active Lunar Positioning System payload. Program helps train next generation of Canadian space engineers.
- Intermountain Turbine ServicessecondaryEuravia North America approved as designated component repair facility following acquisition of LTS101 engine type certificate from Honeywell.
- TKMS (ThyssenKrupp Marine Systems)coreTeaming Agreement for heavyweight torpedo production and in-service support for Canadian Patrol Submarine Project (CPSP). Collaboration combines TKMS's global naval defense expertise with Magellan's fabrication and manufacturing capabilities. Agreement also establishes framework for exploring export opportunities for Magellan.
- Sabena TechnicssecondaryEuravia Engineering signed multi-year engine maintenance contract with Sabena Technics for PT6A-60A engines, modules, parts, and components.
- Pratt & Whitney CanadacoreLong-term agreements (LTAs) with Pratt & Whitney Canada covering complex machined aerospace components manufactured at Tumkur, India facility through 2034. Includes contract extensions to legacy agreements and new manufacturing program awards. Magellan investing in new machining cell to support expanded scope.
- AequssecondaryMoU to establish sand-casting facility at Belagavi Aerospace Cluster in Karnataka, India. JV aims to meet growing sand casting demands in aerospace industry for commercial and defence sectors. Magellan bringing expertise in advanced sand casting technologies including 3D sand printing and robotics.
- Ozark Aeroworkssecondary5-year license agreement authorizing Euravia North America to provide depot-level repair and overhaul for Ozark Model T53 engine components (replacing prior Honeywell agreement).
- Honeywell AerospacesecondaryHistorical relationship for engine component MRO; LTS101 engine type certificate acquired by Euravia North America from Honeywell; ongoing support for TPE331 and T53 engine lines.
Scale indicators10 records
Recent moves6 records
Expansion highlights5 records
Magellan Aerospace competitors and assessment
Company assessmentDirect peers
- Heroux-Devtek: Canadian Tier-1/Tier-2 aerospace manufacturer of landing gear, aerostructures, and industrial components. Directly comparable as a Canadian-headquartered publicly traded aerospace supplier serving Boeing, Airbus, Lockheed Martin, and major defense primes with overlapping product categories in aerostructures and precision components.
- Triumph Group: Aerostructure and MRO services provider serving commercial, business, and military aerospace markets. Closely comparable in product mix (aerostructure assemblies, components, MRO services) and customer base (Boeing, Airbus, Lockheed Martin, defense primes), with similar Tier-2 supplier positioning.
- Senior plc: UK-headquartered precision engineering company manufacturing high-precision aerospace and defense components including fluid conveyance, structural, and engine systems. Directly comparable as a Tier-2 aerospace components manufacturer with significant engine content and presence in both Magellan's UK operations footprint and customer base.
Broad incumbents
- Howmet Aerospace: Major aerospace engine components manufacturer specializing in advanced nickel and titanium castings, fasteners, and engine structures. Comparable as a Tier-1 engine components supplier with overlapping presence in aeroengine hot/cold section components, serving the same GE Aerospace and P&W customer base as Magellan.
- Spirit AeroSystems: One of the world's largest aerostructure manufacturers, producing fuselages, wing structures, and propulsion systems for Boeing and Airbus. Comparable as a major aerostructure Tier-1 supplier with similar customer concentration and commercial aerospace cycle exposure, though at materially larger scale.
- TransDigm Group: Leading aerospace components manufacturer with proprietary, sole-source niche products across commercial and defense aerospace. Comparable business model emphasis on proprietary technology (analogous to Magellan's WSPS), mission-critical components, and high-margin aftermarket exposure.
- Curtiss-Wright: Diversified aerospace, defense, and industrial manufacturer specializing in engineered components, subsystems, and MRO services. Comparable across Magellan's defense (torpedoes, naval), aerospace (engine components), and MRO segments, with overlapping customer relationships in defense primes.
- Moog Inc. Precision motion control and components manufacturer for aerospace, defense, and industrial markets. Comparable in manufacturing high-precision flight control actuation, engine components, and space systems, with overlapping customer base in Boeing, Airbus, Lockheed Martin, and defense primes.
Regional players
- Bombardier: Canadian business aviation and rail equipment manufacturer with deep Canadian aerospace heritage. Adjacent comparable as a fellow Canadian-headquartered publicly traded aerospace company with shared government relationships, aerospace supply chain integration, and Quebec/Ontario manufacturing footprint.
- CAE Inc. Canadian aerospace training systems and civil aviation simulation company. Comparable as a Canadian-headquartered publicly traded aerospace company with significant Canadian government defense relationships, though focused on training/simulation rather than manufacturing components.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Magellan Aerospace social profiles
Digital presenceMagellan Aerospace compliance and trust
Trust signalCompliance2 records
Magellan Aerospace financial estimates
Financial estimateRevenue estimate
Valuation estimate
Magellan Aerospace leadership team
Management profileNumber of profiles
Profiles14 records
Magellan Aerospace subsidiaries and ownership
Company hierarchySubsidiaries7 records
Magellan Aerospace funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Magellan Aerospace M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Magellan Aerospace
What does Magellan Aerospace do?
Magellan Aerospace is a global integrated aerospace manufacturer that designs and produces aeroengine and aerostructure assemblies and components, the proprietary Wire Strike Protection System (WSPS) for helicopters, Black Brant sounding rockets, small satellite bus platforms and space subsystems, aerospace-grade sand castings, and provides engine and component Maintenance, Repair & Overhaul (MRO) services. The company operates as a Tier-2 supplier to major aircraft and engine OEMs (Boeing, Airbus, GE Aerospace, Pratt & Whitney), defense agencies, and space programs.
Is Magellan Aerospace a public or private company?
Magellan Aerospace is a public company. It is classified as public and is currently operating.
When was Magellan Aerospace founded?
Magellan Aerospace was founded in 1996. It employs 1,001 to 5,000 people.
Where is Magellan Aerospace based?
Magellan Aerospace is headquartered in Mississauga, Canada, in the North America region.
How does Magellan Aerospace make money?
Four revenue lines are on record. Aerospace Component Manufacturing is the primary driver. The others are maintenance, Repair & Overhaul (MRO), defense Products and space Systems.
Who are Magellan Aerospace's main competitors?
Direct peers on record are Heroux-Devtek, Triumph Group and Senior plc. Broad incumbents are Howmet Aerospace, Spirit AeroSystems, TransDigm Group, Curtiss-Wright and Moog Inc.. Regional players are Bombardier and CAE Inc..
Does Magellan Aerospace have an API?
No public API is recorded for Magellan Aerospace.
What industry is Magellan Aerospace in?
Magellan Aerospace's product category is Aerospace Manufacturing. Its primary akta.pro industry code is IMABAMAH, Military Aircraft Structures, Airframes & Composites, with a secondary code of IMABAMAE, Military Avionics, Mission Computers & Flight Controls. Its NAICS code is 33641 and its SIC code is 3720.