TORONTO, Oct. 25 /CNW/ - Magellan Aerospace announced today a record year
for orders for the Corporation's Proprietary Products; the level of orders in
2007 will surpass $(Cdn) 50 million for the year. Magellan is known globally
as a manufacturer of large, complex aeroengine components and aerostructure
assemblies. It also designs and manufactures a line of successful
Magellan-owned aerospace products that include small satellite platforms, and
a family of solid propellant rocket motors that are manufactured in Canada's
only privately owned, state-of-the-art propellant plant.
"Magellan's proprietary products were developed to fill niches in the
industry and have subsequently been grown into successful,
internationally-adopted products," commented Jim Butyniec, President and COO,
Magellan Aerospace Corporation. The majority of such orders are for
solid-propellant rocket motors and small satellite platforms.
The global demand for Magellan's family of solid propellant sounding and
defence rocket motors further contributes to the Corporation's
engineered-product order book. Magellan Aerospace has been developing and
manufacturing rockets since the 1960's, establishing Canada as a leader in
solid rocket motor technology. The Black Brant sounding rocket is the most
reliable and cost effective vehicle available to carry scientific experiments
to the fringes of space. Orders in 2007 have included a number of modern
rocket motor products that have been developed by Magellan for use as drone
booster motors, air-to-ground rockets, test firing support, various aerial
targets, and meteorological data gathering.
Magellan's MAC-200 small satellite bus (platform) was designed by
Magellan to fill the Canadian Space Agency's (CSA) requirement for a generic
bus to support a variety of missions and a wide range of payloads to meet the
needs of the scientific community, industry, and the Government of Canada.
Over the next ten years, the Canadian Space Agency plans to use Magellan's bus
to carry valuable science and research payloads into space. Magellan is
currently working on the CASSIOPE bus, the first application of the MAC-200,
which is scheduled for launch in 2008.
Magellan Aerospace Corporation is one of the world's most integrated and
comprehensive aerospace industry suppliers. Magellan designs, engineers, and
manufactures aeroengine and aerostructure assemblies and components for
aerospace markets, advanced products for military and space markets, and
complementary 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 and the United Kingdom.
For further information:
For further information: W.A. (Bill) Matthews, Vice President Marketing,
Tel: (905) 677-1889 ext. 222, Fax: (905) 677-5658, E: