Instrument NameMagellan Aerospace CpInstrument Symbol(MALJF)

Instrument ExchangeOTC US

Magellan Aerospace Corp was incorporated on February 15, 1996 under the Business Corporations Act. The Company provides products and services to commercial and defense aircraft manufacturers and operators worldwide. The Company, through its wholly owned subsidiaries, involved in the engineering, manufacture and repair and overhaul of sophisticated components and assemblies for the aerospace industry, modernizing, repairing and overhauling jet engines, military aircraft and helicopters, the design and manufacture of rocket and satellite systems and the design and production of magnesium and aluminium castings, mainly for the aerospace industry. The Corporation also supplies in certain circumstances parts and equipment for power generation projects. It operates under two segments: Aerospace and Power Generation Project. The Company's Aerospace segment designs and manufactures aircraft structural components, precision machining of a wide variety of aerospace metal alloys, composites, complex high technology magnesium and aluminium alloy castings, integration of complex assemblies, and repair and overhaul technologies. The Power Generation Project segment is a specialty product complementary to the Corporation's main business. The Corporation's sole product for the Power Generation Project segment is an electric power generation project in the Republic of Ghana. Competition for airframe and engine parts and assemblies comes from companies in Europe, Asia, and North and South America. The Company's manufacturing activities are subject to environmental law and regulations associated with risks to the environment and human health in each of Canada, the United States, the United Kingdom, and the European Union.