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Magellan Aerospace Corp T.MAL

Alternate Symbol(s):  MALJF

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

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Post by kijijion Mar 15, 2019 1:54pm
40 Views
Post# 29492329

MAL CONTRACTS fpr AIRCRAFT ILLUMINATION FLARES

MAL CONTRACTS fpr AIRCRAFT ILLUMINATION FLARES
Magellan Aerospace Corp. has signed agreements valued at $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 term of the contracts is five years.
 
The LUU-2 is an air-deployed high-intensity illumination flare. The RCAF utilizes the LUU-2 to support nighttime search and rescue operations with illumination. The flares produce about 1.8 million candlepower of visual illumination for five minutes.
 
"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 Haydn Martin, vice-president, business development, marketing and contracts, Magellan Aerospace.
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