Magellan Aerospace Corp T.MAL

Alternate Symbol(s): MALJF

Industrials Aerospace & Defense

Magellan Aerospace Corporation is a global aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defense and space agencies worldwide. The Company designs and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced proprietary products for military and space markets, and provides engine and component repair and overhaul services worldwide. The Company operates the through Aerospace segment, which includes the design, development, manufacture, repair and overhaul, and sale of systems and components for defense and civil aviation. Its products include Engine Cold Section, Engine Hot Section, Engine Shafts, Black Brant, RATO Booster Motors, CRV7 Rocket Weapon System, Small Satellite Bus Platforms, and Manufactured Components and Assemblies, among others. The Company provides supply chain integration by combining core capabilities with global supply chain expertise.

TSX:MAL - Post by User

Magellan Aerospace Corp

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Post by synnettton May 12, 2008 2:07pm

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Post# 15063881

MAL reports a profit for Q1.

Magellan Aerospace reports Q1 profit of $2.1 M, up from $1.7M loss a year ago

Fri May 9, 5:24 PM
The Canadian Press

By The Canadian Press

TORONTO - Magellan Aerospace Corp. said Friday it earned a first-quarter profit of $2.1 million, compared with a loss of $1.7 million a year ago.

The company, which makes aircraft parts and does aircraft maintenancework, said the profit amounted to two cents per share for the threemonths ended March 31 compared with a loss of two cents per share ayear ago.

Quarterly revenue was $161.1 million, up from $144.1 million.

"The first quarter of 2008 showed improvement over previous periods,and was consistent with the performance expected by Magellanmanagement," the company said.

"Continued growth in all sectors of the aerospace industry, andrelative stability in foreign exchange rates that impact Magellan,allowed Magellan to increase revenue and profit in spite of temporaryslowdowns in selected pre-production programs."

Shares in the company, which reported its results after the close ofmarkets, were up two cents at 94 cents on the Toronto Stock Exchange.

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