Belek
10 years ago
Magellan Aerospace to Provide Landing Gear Kits for the Boeing B737 MAX
TORONTO, July 30, 2014 /CNW/ - Magellan Aerospace ("Magellan") announced today that it has been selected to provide landing gear kits to Boeing Commercial Airplanes ("Boeing") for the B737 MAX aircraft. The new B737 MAX family will replace the present 737 Next Generation family of aircraft that are currently in production at Boeing. The manufacture and integration of the landing gear kits will be carried out at Magellan's New York facilities, which have operations in both Corona, NY and Long Island, NY. Magellan expects this long-term program to commence in 2015 and could generate revenues up to $50 million USD annually over the contract period.
Magellan Aerospace's New York facilities are well-established centres of excellence focused on hard metal machining and the provision of high volume kitted part families that are delivered directly to both Tier One and Prime aircraft manufacturers. The company currently provides the B737 landing gear kits, which are comprised of approximately 400 part numbers, directly to Boeing's 737 assembly facility in Renton, WA. Magellan manufactures a number of the key, complex machined components for the kits and sources the remainder of the kit from a globally competitive supply network of US and international sources.
Mr. Jim Butyniec, Chief Executive Officer of Magellan noted the strategic importance of the award, as it reflects the Corporation's growing participation in support of major new platforms for Boeing and other major aircraft manufacturers. "The confidence demonstrated by Boeing in light of the global options that exist in their supply chain, extends the long and enduring relationship that exists between our companies", he said. "The Magellan Operation System™ (MOS™), which is fundamental to our operations, will ensure all components and details for the kitted assemblies will be available in an efficient, on-time manner to support the projected delivery requirements of the B737 MAX program".
About Magellan Aerospace
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. Magellan designs, engineers, and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced products for military and space markets, industrial power generation, and specialty products. Magellan is a public company whose shares trade on the Toronto Stock Exchange (TSX: MAL), with operating units throughout Canada, the United States, the United Kingdom, India, and Poland.
Read more at http://www.stockhouse.com/news/press-releases/2014/07/30/magellan-aerospace-to-provide-landing-gear-kits-for-the-boeing-b737-max#zj4YwiMWtzU14X3p.99
Belek
10 years ago
Magellan Aerospace to Build Advanced Satellite Integration Facility
TORONTO, May 20, 2014 /CNW/ - Magellan Aerospace ("Magellan") announced today that, in partnership with the University of Manitoba, an advanced satellite integration facility (ASIF) will be established in Winnipeg, Manitoba. With the support of Western Economic Diversification Canada (WD), the facility will be shared and jointly operated by Magellan and the University of Manitoba and will create a unique and innovative hub that will bring together industry and academia in the research, development, and the construction and testing of satellite buses and components.
Magellan Aerospace, Winnipeg will be home to the ASIF and will be large enough to accommodate the simultaneous assembly, integration and testing (AIT) of three satellite buses. Magellan will invest more than Cdn. $2 million in the project that will contribute to the construction of the facility, multi-year program funding, and the establishment of an Industrial Research Chair in the area of satellite development within the Faculty of Engineering at the University of Manitoba. This facility and the new Chair will enhance the training opportunities available to engineering students at the University of Manitoba.
"This partnership between the University of Manitoba and Magellan is the kind of relationship that was identified in the Emerson Report of 2012 as the model industry, research, cooperation that is a vital component of growing Canada's space technology development", said Mr. Don Boitson, Vice President and General Manager of Magellan Aerospace, Winnipeg. "All of the parties involved in this project are pleased for the support provided by the government to launch this industry-based education and training facility. The funding for ASIF demonstrates a commitment to turning investment in knowledge and technology into an advantage for developing Canada's space industry globally."
Construction of the 6,000 square foot facility is the first stage of ASIF development and is scheduled for completion in June 2014. The second stage will see the facility equipped and configured with 3-axis cranes, environmental control equipment, fume hoods, and other specialized equipment for the production and testing of satellite buses and subsystems. Staffing and developing the Research Chair by the spring of 2015 will facilitate the commencement of the program in mid to late 2015. The cost-sharing participants in the establishment of this Manitoba-based satellite integration facility, including the foundation of the Aerospace Research Chair, are Magellan and the University of Manitoba, in partnership with WD.
Read more at http://www.stockhouse.com/news/press-releases/2014/05/20/magellan-aerospace-to-build-advanced-satellite-integration-facility#zKt18zS0Y4fpzAP0.99
stocktrademan
10 years ago
Magellan Aerospace Corporation [$MALJF] due diligence
bullish
$MALJF
DD Notes ~ http://www.ddnotesmaker.com/MALJF
##### recent news/filings ~ source: finance.yahoo.com
no recent news found
*********************************************************
##### chart ~ source: eoddata.com
##### company info ~ source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/MALJF/company-info
Ticker: $MALJF
OTC Market Place: Grey Market
CIK code: not found
Company name: Magellan Aerospace Corporation
Incorporated In: Canada
##### extra dd links
Latest filings: http://www.otcmarkets.com/stock/MALJF/filings
Latest financials: http://www.otcmarkets.com/stock/MALJF/financials
Latest news: http://www.otcmarkets.com/stock/MALJF/news - http://finance.yahoo.com/q/h?s=MALJF+Headlines
Major holdings: http://data.cnbc.com/quotes/MALJF/tab/8.1
Insider transactions (1): http://finance.yahoo.com/q/it?s=MALJF+Insider+Transactions
Insider transactions (2): http://www.secform4.com/insider-trading/MALJF.htm
Insider transactions (3): http://www.insidercow.com/history/company.jsp?company=MALJF
RegSho: http://www.regsho.com/tools/symbol_stats.php?sym=MALJF&search=search
DTCC: http://search2.dtcc.com/?q=Magellan+Aerospace+Corporation&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information: http://www.spoke.com/search?utf8=%E2%9C%93&q=Magellan+Aerospace+Corporation
Corporation WIKI: http://www.corporationwiki.com/search/results?term=Magellan+Aerospace+Corporation&x=0&y=0
Short Sales: http://www.otcmarkets.com/stock/MALJF/short-sales
Insider Disclosure: http://www.otcmarkets.com/stock/MALJF/insider-transactions
Research Reports: http://www.otcmarkets.com/stock/MALJF/research
Historical Prices: http://finance.yahoo.com/q/hp?s=MALJF+Historical+Prices
Basic Tech. Analysis: http://finance.yahoo.com/q/ta?s=MALJF+Basic+Tech.+Analysis
Company Profile: http://finance.yahoo.com/q/pr?s=MALJF+Profile
Key Statistics: http://finance.yahoo.com/q/ks?s=MALJF+Key+Statistics
Industry: http://finance.yahoo.com/q/in?s=MALJF+Industry
Insider Roster: http://finance.yahoo.com/q/ir?s=MALJF+Insider+Roster
Income Statement: http://finance.yahoo.com/q/is?s=MALJF
Balance Sheet: http://finance.yahoo.com/q/bs?s=MALJF
Cash Flow: http://finance.yahoo.com/q/cf?s=MALJF+Cash+Flow&annual
Market Watch: http://www.marketwatch.com/investing/stock/MALJF
Bloomberg: http://www.bloomberg.com/quote/MALJF:US
Morningstar: http://quotes.morningstar.com/stock/s?t=MALJF
Bussinessweek: http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=MALJF
Barchart: http://www.barchart.com/quotes/stocks/MALJF
OTC Short Report: http://otcshortreport.com/index.php?index=MALJF
Investopedia: http://www.investopedia.com/markets/stocks/MALJF/?wa=0
http://www.pennystocktweets.com/stocks/profile/MALJF
##### last known share structure ~ source: otcmarkets.com
Market Value: $207,458,779 a/o Jul 03, 2014
Shares Outstanding: 18,209,000 a/o Nov 30, 2011
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value
##### business description ~ source: otcmarkets.com
DD Notes ~ http://www.ddnotesmaker.com/MALJF
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ernie44
1 year ago
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