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Magellan Aerospace Corporation (MAL.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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8.18-0.18 (-2.15%)
At close: 03:59PM EDT

Magellan Aerospace Corporation

3160 Derry Road East
Mississauga, ON L4T 1A9
905 677 1889

IndustryAerospace & Defense
Full Time Employees3,400

Key Executives

NameTitlePayExercisedYear Born
Mr. Norman Murray Edwards O.C.Exec. ChairmanN/AN/A1960
Mr. Phillip Campion UnderwoodPres, CEO & Director662.66kN/AN/A
Ms. Elena M. Milantoni CA, CPACFO & Corp. Sec.285.15kN/AN/A
Mr. Haydn R. MartinVP of Bus. Devel., Marketing & Contracts342.23kN/AN/A
Ms. Jo-Ann C. BallVP of HR231.83kN/AN/A
Amounts are as of December 31, 2021 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.


Magellan Aerospace Corporation, through its subsidiaries, designs, engineers, manufactures, and sells aero engine, and aero structure assemblies and components for the aerospace markets in Canada, the United States, Europe, and Asia. It offers aero engine products, such as engine frames, compressor and fan cases, turbine cases, shafts, rotor spools, discs and blisks, and gearbox housings; and combustion liners and cases, exhaust frames and systems, engine bypass ducts and frames, acoustically treated exhaust systems, and fan cowl doors, as well as repair and overhaul services. The company also provides aero structure components, including landing gear systems, wing ribs and spars, bulkheads and fuselage components, tailcone assemblies, and composite wing and fairing structures. In addition, it offers wire strike protection systems for helicopter safety; rocket weapon systems, brant rockets, booster motors, and missile fins and control systems; and satellites and satellite subsystems. Further, the company provides sand cast components comprising engine mounted gearbox housings, power transmission housings, APU housings, engine inlets and intermediate cases, and front frames and fan cases; power generation equipment and services, and gas turbines, as well as generates energy from waste; and other support materials. Additionally, it is involved in the precision machining and assembly of commercial aerospace products supply and overhaul of aircraft and helicopter engines and airborne ancillary power units; and provision of metal finishing treatment services for aerospace products, as well as aircraft engineering and design consultancy, engine sales, exchange, and leasing services. The company was formerly known as Fleet Aerospace Corporation and changed its name to Magellan Aerospace Corporation in October 1996. Magellan Aerospace Corporation was founded in 1994 and is headquartered in Mississauga, Canada.

Corporate Governance

Magellan Aerospace Corporation’s ISS Governance QualityScore as of May 1, 2022 is 7. The pillar scores are Audit: 3; Board: 6; Shareholder Rights: 10; 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.