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TORONTO, March 10, 2023--Magellan Aerospace Corporation ("Magellan") announced today a contract with the Government of Canada to design, build, launch, and operate the Redwing microsatellite. Directed by the Department of National Defence’s science and technology organization, Defence Research and Development Canada ("DRDC"), the $15.8 million Redwing contract represents the next generation of spacecraft technology for space domain awareness technology demonstration. When launched in 2026, Redwi
TORONTO, March 10, 2023--Magellan Aerospace Corporation ("Magellan" or the "Corporation") released its financial results for the fourth quarter of 2022. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows: