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Magellan Aerospace Corporation (MAL.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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7.98-0.06 (-0.75%)
At close: 03:29PM EDT

Magellan Aerospace Corporation

3160 Derry Road East
Mississauga, ON L4T 1A9
Canada
905-677-1889
https://www.magellan.aero

Sector(s)Industrials
IndustryAerospace & Defense
Full Time Employees3,850

Key Executives

NameTitlePayExercisedYear Born
Mr. Norman Murray Edwards O.C.Executive ChairmanN/AN/A1960
Mr. Phillip Campion UnderwoodPresident, CEO & Director825.49kN/AN/A
Ms. Elena M. Milantoni CA, CPACFO & Corporate Secretary353.64kN/AN/A
Mr. Haydn R. MartinVice President of Business Development, Marketing & Contracts513.54kN/AN/A
Mr. Ian RobertsVice President of Information Technology284.12kN/AN/A
Michael GribeVice President of Human ResourcesN/AN/AN/A
Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in CAD.

Description

Magellan Aerospace Corporation, through its subsidiaries, engineers and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United States, and Europe. The company offers aero engine products, such as laser welded honeycomb and filament wound tubes, frames, compressor components, bypass ducts, hot section components, and aeroengine and helicopter drive shafts, as well as other flight safety critical machined components, including discs, seals, and spacers; and aerostructures comprising landing gear systems, wing ribs, spars and skins, bulkheads and fuselage components, tailcone assemblies, composite wing and fairing structures, horizontal and vertical stabilizers, plug and nozzle, exhaust systems, crown modules, and vane boxes and transition ducts. It also designs, engineers, and manufactures assemblies and components, such as stage rocket motors, solid propellant rocket motors, and rocket weapon systems; wire strike protection systems for helicopter safety; space solutions, including small satellite bus platforms and satellite subsystem equipment, as well as offers services for satellite assembly, integration, and testing; and aluminum and magnesium alloy sand castings, such as engine mounted accessory gearbox housings, helicopter power transmission housings, auxiliary power unit inlet and gearbox housings, engine front inlet and intermediate cases, engine front frames and fan cases, pump and accessory drive housings, and environmental control housings. In addition, the company offers maintenance, repair, and overhaul for various engine and components MRO, as well as lifecycle management services to logistics, fleet management, and engineering services. Magellan Aerospace Corporation was incorporated in 1996 and is headquartered in Mississauga, Canada.

Corporate Governance

Magellan Aerospace Corporation’s ISS Governance QualityScore as of April 1, 2024 is 6. The pillar scores are Audit: 6; Board: 7; Shareholder Rights: 8; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.