Magellan Aerospace to Supply Missile Fin Assemblies to Raytheon Missiles & Defense

Raytheon Missiles & Defense (“Raytheon”) has awarded Magellan Aerospace Corporation (“Magellan”) a contract for the supply of complex missile fin components. These heat-tolerant surface control assemblies will be manufactured at Magellan’s facility in Middletown, Ohio, USA with deliveries in 2020 through 2024. The value of this agreement is approximately $61.4 million.

Magellan has participated in the Standard Missile program for more than 20 years, supplying dorsal fins for various configurations, including the SM-3 and SM-6. These defensive missiles provide area defense to the U.S. Military against theater ballistic missiles, aircraft and cruise missiles.

Magellan Aerospace, Middletown is a Centre of Excellence for high temperature, vacuum brazed honeycomb structures.

About Magellan Aerospace Corporation

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. Magellan 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. Magellan is a public company whose shares trade on the Toronto Stock Exchange (TSX: MAL), with operating units throughout North America, Europe, and India.

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