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Magellan Aerospace Corp T.MAL

Alternate Symbol(s):  MALJF

Magellan Aerospace Corporation is a Canada-based global enterprise company, which is engaged in providing integrated products to the aerospace industry worldwide. The Company designs, engineers and manufactures aeroengine and aerostructure components for aerospace markets, including advanced products for defense and space markets, and complementary specialty products. The Company operates through Aerospace segment, which includes the design, development, manufacture, repair and overhaul, and sale of systems and components for defense and civil aviation. The Company’s products include Engine Cold Section, Engine Hot Section, Engine Shafts, Specialty Materials, Black Brant, RATO Booster Motors, CRV7 Rocket Weapon System, Small Satellite Bus Platforms, Avionics, Manufactured Components and Assemblies and Wire Strike Protection System (WSPS). The Company also supports the aftermarket through the supply of spare parts as well as through repair and overhaul services.


TSX:MAL - Post by User

Post by northcoaston Jan 28, 2021 3:35pm
119 Views
Post# 32412725

Magellan observation from last quarter's reportn Q3 2020

Magellan observation from last quarter's reportn Q3 2020On November 10, 2020 MAL posted their Q3 earnings. (It can be found in a posting below if you scroll down). Despite a poor earnings (due to Coronavirus) the stock price immediately went from about $7.26/share (CDN) to $10.70 in the month following that Quarterly report. We can see all of the measures Magellan has taken to soften the temporary damage from the virus, and now with an expanded business and new orders from Raytheon and also Airbus' helicopter business in France, Magellan's next Quarterly report due in February should be interesting. The vaccination roll-out signals the end of the damage in 2021, and it is possible that Magellan's share price might leap up again in February. If anyone has any comments on that I would like to see it.
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