|Magellan Aerospace Corporation - MAL.t has over 80 years of collective knowledge and experience in the aerospace industry.|
Magellan develops and produces complex and integrated products and services that bring value to our customers. We serve the civil aerospace and defence market as well as industrial power applications of aerospace engine technology.
"Magellan Aerospace earns $9.55-million in Q3
Mr. James Butyniec reports
MAGELLAN AEROSPACE CORPORATION ANNOUNCES FINANCIAL RESULTS
Magellan Aerospace Corp. has released its financial results for the third quarter of 2013. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows:
In the third quarter of 2013, the corporation announced the award of a $110-million contract from MacDonald, Dettwiler and Associates Ltd. for the Radarsat constellation mission satellite bus manufacture. RCM is composed of three low-Earth-orbit spacecraft, each carrying a C-band synthetic aperture radar payload. The corporation will design and manufacture the three spacecraft buses, including the control systems, on-board computers, power generation and distribution systems, electronics, wiring, and on-board communications links with the ground. This contract will be performed at the corporation's Winnipeg, Man., facility.