Magellan Aerospace

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.

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

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

• Aerospace manufacturing
• Aeroengine components
• Aerostructure assemblies
• Aircraft MRO services
• Defense products

Headquarters

HQ city

Mississauga

HQ country

Canada

HQ region

North America

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure

Revenue model

1. 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.
2. 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
3. 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)
4. Space Systems: Small satellite bus platforms, avionics, and space manufacturing including lunar programs (MINERAL mission, Lunar Utility Rover subsystems)

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core 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

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eleven partnerships are on record, tiered core and secondary.

• GE AerospacecoreStrategic or Co-development Partner · 23 July 2026MOU 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)secondaryStrategic or Co-development Partner · 4 June 2026MOU 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 ControlsecondaryStrategic or Co-development Partner · 13 April 2026Magellan 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 ManitobasecondaryStrategic or Co-development Partner · 13 April 2026Partnership 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 ServicessecondaryStrategic or Co-development Partner · 10 March 2026Euravia North America approved as designated component repair facility following acquisition of LTS101 engine type certificate from Honeywell.
• TKMS (ThyssenKrupp Marine Systems)coreStrategic or Co-development Partner · 12 February 2026Teaming 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 TechnicssecondaryChannel Partner/ Reseller/ Distributor · 15 October 2025Euravia Engineering signed multi-year engine maintenance contract with Sabena Technics for PT6A-60A engines, modules, parts, and components.
• Pratt & Whitney CanadacoreStrategic or Co-development Partner · 30 April 2025Long-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.
• AequssecondaryStrategic or Co-development Partner · 25 February 2025MoU 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 AeroworkssecondaryStrategic or Co-development Partner · 9 March 20235-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 AerospacesecondaryStrategic or Co-development PartnerHistorical 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

Direct 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

• Xtwitter.com/magellanaero
• LinkedInlinkedin.com/company/magellan-aerospace

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries7 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Magellan Aerospace