|Bid||18.86 x 0|
|Ask||18.90 x 0|
|Day's Range||18.68 - 18.97|
|52 Week Range||13.20 - 19.74|
|Beta (3Y Monthly)||0.31|
|PE Ratio (TTM)||12.35|
|Earnings Date||May 1, 2019 - May 6, 2019|
|Forward Dividend & Yield||0.40 (2.25%)|
|1y Target Est||21.25|
TORONTO, April 24, 2019 /CNW/ - Magellan Aerospace Corporation ("Magellan") announced it has reached a multi-year agreement with The Boeing Company ("Boeing") to manufacture 777X control surface ribs in support of Boeing's Focused Factory initiative. In order to provide the best solution for Boeing on this multi-year package, Magellan will provide internal dual source capability for risk mitigation and business continuity. Boeing's Focused Factory initiative is the aggregation of products grouped by commonality and forecasted demand.
Defence stocks like Heroux-Devtek Inc. (TSX:HRX) and Magellan Aerospace Corp. (TSX:MAL) will benefit from increased spending in domestic and international markets.
Today we will run through one way of estimating the intrinsic value of Magellan Aerospace Corporation (TSE:MAL) by taking the expected future cash flows and discounting them to their present value. I will use the Discounted Ca...
TORONTO, April 12, 2019 /CNW/ - Magellan Aerospace Corporation ("Magellan") announced today an agreement with Atlas Elektronik Canada Ltd. ("Atlas") for the design and development phase of the SeaSpider® Anti Torpedo Torpedo ("ATT") program. The initial CDN $19 million phase of the program was launched in January 2019 and is expected to conclude in 2023. Magellan will lead the design and development of the SeaSpider® ATT rocket motor and warhead sections of the torpedo that includes design, build, test, and product qualification. SeaSpider® ATT is a new defence product that can be utilized by surface vessels and submarines to detect and destroy attacking torpedoes. The SeaSpider® is a marked improvement over currently available anti-torpedo systems that reply on decoy countermeasures rather than destroying the attacking torpedo. The SeaSpider® ATT combines the best technology and decades of experience of Atlas and Magellan – the expertise of Atlas in naval systems and torpedoes and the industry leading rocket technology of Magellan.
Hudson’s Bay Co. (TSX:HBC) and one other related stock are buys at the moment, while investors may want to ease off on two other stocks.
Find out why Magellan Aerospace Corp (TSX:MAL) and Brookfield Renewable Partners LP (TSX:BEP.UN)(NYSE:BEP) are good options to ride out a recession.
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TORONTO, March 15, 2019 /CNW/ - Magellan Aerospace Corporation ("Magellan") announced today, agreements valued at CDN $48 million, with the Canadian government to perform the licensed manufacture of LUU-2 illumination flares for the Royal Canadian Air Force (RCAF). Magellan-produced LUU-2 illumination flares will be delivered from the Winnipeg facility's propellant plant in Manitoba, Canada. The LUU-2 is an air-deployed high-intensity illumination flare. The RCAF utilizes the LUU-2 to support night time search and rescue operations with illumination. "Magellan remains committed to continuing our 60-year legacy in supporting the Canadian Armed Forces and the RCAF with the delivery of critical mission support equipment and services", said Mr. Haydn Martin, Vice President, Business Development, Marketing and Contracts, Magellan Aerospace.
TORONTO , March 13, 2019 /CNW/ - Magellan Aerospace Corporation ("Magellan" or the "Corporation") released its financial results for the fourth quarter of 2018. All amounts are expressed ...
TORONTO , March 8, 2019 /CNW/ - Magellan Aerospace Corporation ("Magellan Aerospace") (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.10 ( ten ...
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BANGALORE, India, Feb. 20, 2019 /CNW/ - Magellan Aerospace Corporation ("Magellan") announced today it has increased its investment in Triveni Aeronautics Pvt. Ltd. ("Triveni') to 75%. Triveni is based in Tumkur, Karnataka located north west of Bangalore in India. The company specializes in hard metal machining of aeroengine and aerostructure components.
BANGALORE, India, Feb. 19, 2019 /CNW/ - Magellan Aerospace Corporation ("Magellan") announced today, the opening of the company's manufacturing and assembly facility in India. The new 100,000 square foot Magellan Aerospace (India) Pvt. Ltd. facility, constructed on seven acres in Hitech Defence and Aerospace Park (Aerospace SEZ Sector) in Devanahalli, near the Bangalore International Airport, was completed at the end of 2018 and the process of installing and commissioning the high speed machining centres is underway. Magellan's new cellular machining and assembly plant will specialize in high speed milling and turning of aerostructure and aeroengine components produced from both aluminium and hard metal materials. Combined with comprehensive processing and hard metal machining capabilities from Magellan's two longstanding joint ventures in India, API Surface Treatments and Triveni Aeronautics Pvt.
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While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it Read More...
The big shareholder groups in Magellan Aerospace Corporation (TSE:MAL) have power over the company. Institutions will often hold stock in bigger companies, and we expect to see insiders owning a Read More...
TORONTO, Nov. 5, 2018 /CNW/ - Magellan Aerospace Corporation ("Magellan") announced today, that they have secured a six year agreement with Airbus for a contract extension for the manufacture of A350 XWB centre wing box and keel beam detail parts. Mr Haydn Martin, Magellan's Vice President, New Business Development said, "This contract extension has been achieved through a combination of demonstrated operational excellence and market competitive pricing. As a strategic partner to the Airbus Group, Magellan continues to align our technology investments and manufacturing best practices to meet their current and future requirements.
Magellan Aerospace (TSX:MAL) and one other Canadian stock have low betas, making them good choices for long-term positions.
Attractive stocks have exceptional fundamentals. In the case of Magellan Aerospace Corporation (TSE:MAL), there’s is a company that has been able to sustain great financial health, trading at an attractive Read More...
TORONTO, Oct. 17, 2018 /CNW/ - Magellan Aerospace Corporation ("Magellan") announced today the completion of all hardware deliveries to MDA, a Maxar Technologies company, for the RADARSAT Constellation Mission (RCM) being built for the Canadian Space Agency. In late September, the Multi-Layered Insulation (MLI) blankets were installed on the final satellite bus, marking the completion of this major contractual milestone. These thermal blankets for the spacecraft prevent it from freezing while in space. Over the course of the RCM program Magellan has delivered three satellite buses, three payload module structures, as well as associated software, ground support equipment, and launch vehicle adaptors to MDA. Magellan is under contract by MDA to manufacture these assemblies for the Canadian Space Agency's RCM program, a three-satellite constellation that will provide around-the-clock C‑band synthetic aperture radar data to support maritime surveillance, disaster management, and ecosystem monitoring for Canada and its surrounding Arctic, Pacific, and Atlantic maritime areas.
TORONTO, Oct. 15, 2018 /CNW/ - Magellan Aerospace ("Magellan") and Aeromet International Ltd, ("Aeromet") announced today that Magellan's Haley, Ontario site has joined a global network of foundries licensed to manufacture cast parts using the advanced A20X™ aluminium alloy. Developed and patented by Aeromet in the UK, A20X™ is the world's strongest aluminium casting alloy and is used in aerospace, defence, and space applications by major OEMs. Mike Bond, Director of A20X™ at Aeromet, commented, "We are very pleased to welcome Magellan Aerospace to the global A20X™ supply chain.