Previous Close | 15.32 |
Open | 15.30 |
Bid | 15.00 x 0 |
Ask | 15.06 x 0 |
Day's Range | 14.95 - 15.30 |
52 Week Range | 13.20 - 19.00 |
Volume | 18,770 |
Avg. Volume | 11,021 |
Market Cap | 875.463M |
Beta (3Y Monthly) | 0.54 |
PE Ratio (TTM) | 10.01 |
EPS (TTM) | 1.50 |
Earnings Date | Mar 9, 2020 - Mar 13, 2020 |
Forward Dividend & Yield | 0.42 (2.74%) |
Ex-Dividend Date | 2019-12-16 |
1y Target Est | 20.33 |
Magellan Aerospace Corporation released its financial results for the third quarter of 2019. All amounts are expressed in Canadian dollars unless otherwise indicated.
Magellan Aerospace Corporation ("Magellan Aerospace") (MAL.TO) announced today that its Board of Directors declared a quarterly cash dividend of $0.105 (ten and one-half cents) per share on the Corporation’s common shares, a 5 percent increase in the rate of the Corporation’s quarterly dividend from the dividend paid in the third quarter of 2019. This increase in the dividend rate is the sixth consecutive year of dividend increase since 2013, when the Corporation paid its first dividend. Magellan Aerospace is a global, integrated aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defence and space agencies worldwide.
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TORONTO , June 12, 2019 /CNW/ - Magellan Aerospace Corporation ("Magellan") congratulates the Canadian Space Agency ("CSA") on the RADARSAT Constellation Mission ("RCM") that was launched successfully today from Vandenberg, California aboard a SpaceX Falcon 9 rocket. The three identical RCM satellite buses were built by Magellan under subcontract to MDA, a Maxar Technologies company, the prime contractor for RCM. Magellan's fully redundant RCM satellite buses provide the on-orbit support infrastructure required for the functioning of the MDA C-band synthetic aperture radar payload.
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Magellan, through its operations in Winnipeg, Manitoba , and BAE Systems have been working together to produce horizontal tails for the global F-35 program for more than a decade, signing the original Letter of Intent for this agreement in 2006. Both companies have since made significant investment in facilities, technologies and training to ensure the successful delivery of these flight-critical assemblies to F-35 prime contractor Lockheed Martin.
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TORONTO , April 29, 2019 /CNW/ - Magellan Aerospace Corporation ("Magellan") announced agreements today with an undisclosed customer for the supply of complex fabricated engine front frames for a commercial platform, to be manufactured at Magellan's facility in Winnipeg, Manitoba, Canada , and critical rotating engine shafts for a dual use platform, to be manufactured at Magellan's facility in Haverhill, Massachusetts , USA. These contracts are valued at approximately CDN $45 million and will be delivered starting in 2019 through 2022. Magellan has made significant investments in manufacturing technology and personnel at its facilities enhancing our ability to compete in a global market. In securing these agreements, Magellan has demonstrated the ability to meet the competitive demands of cost, quality and performance expected by the aerospace markets.
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.
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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.
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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.