About Magellan Aerospace
Magellan Aerospace is a company based in Mississauga (Canada) founded in 1996 by Phillip Campion Underwood. It operates as a B2B2C, and Revenue Share. The company has 231 employees as of October 31, 2024. Magellan Aerospace has completed 1 acquisition, including Ambel Precision Manufacturing. Magellan Aerospace offers products and services including Aeroengines, Aerostructures, Wire Strike Protection System (WSPS®), Rockets and Space Systems, and Maintenance, Repair & Overhaul (MRO).
- Headquarter Mississauga, Canada
- Employees 231 as on 31 Oct, 2024
- Founders Phillip Campion Underwood
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Sectors
Aerospace, Defense & Maritime
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Email
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Phone
*********
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Website
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Social
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- Legal Name Magellan Aerospace Corporation
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Annual Revenue
$654.96 M (USD)7.13as on Dec 31, 2024
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Net Profit
$24.67 M (USD)283.76as on Dec 31, 2024
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EBITDA
$66.49 M (USD)22.16as on Dec 31, 2024
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Latest Funding Round
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Investors
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Employee Count
231
as on Oct 31, 2024
- Investments & Acquisitions
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Products & Services of Magellan Aerospace
Magellan Aerospace offers a comprehensive portfolio of products and services, including Aeroengines, Aerostructures, Wire Strike Protection System (WSPS®), Rockets and Space Systems, and Maintenance, Repair & Overhaul (MRO). The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Aeroengines are manufactured for various aerospace applications globally.
Aerostructures are produced for major aerospace assembly needs.
WSPS® is designed for helicopter wire strike protection.
Rocket systems are developed for space exploration missions.
MRO services are provided for aerospace component longevity.
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Software Development Team
41 people
Human Resources and Administration
15 people
Operations Team
12 people
Product Management Team
11 people
Finance and Accounting
10 people
Leadership Team
9 people
Senior Team
4 people
Manager Team
4 people
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Funding Insights of Magellan Aerospace
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Magellan Aerospace
Magellan Aerospace has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Ambel Precision Manufacturing. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Jet engine components are manufactured for aerospace sectors.
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Magellan Aerospace
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Magellan Aerospace Comparisons
Competitors of Magellan Aerospace
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Magellan Aerospace
Frequently Asked Questions about Magellan Aerospace
When was Magellan Aerospace founded?
Magellan Aerospace was founded in 1996.
Where is Magellan Aerospace located?
Magellan Aerospace is headquartered in Mississauga, Canada. It is registered at Mississauga, Ontario, Canada.
Who is the current CEO of Magellan Aerospace?
Phillip Campion Underwood is the current CEO of Magellan Aerospace. They have also founded this company.
How many employees does Magellan Aerospace have?
As of Oct 31, 2024, the latest employee count at Magellan Aerospace is 231.
What is the annual revenue of Magellan Aerospace?
Annual revenue of Magellan Aerospace is $654.96M as on Dec 31, 2024.
What does Magellan Aerospace do?
Magellan Aerospace is recognized as a global enterprise focused on delivering integrated products and solutions to the aerospace industry. Operations are centered around manufacturing aeroengines, aerostructures, and specialty materials. Services such as maintenance, repair, and overhaul are also provided. The company collaborates with major industry players like Pratt Whitney Canada and GE Aerospace. Facilities are maintained in multiple locations, including Canada and India, to support production and innovation in aerospace technology. Solutions are tailored for both commercial and defense sectors, ensuring comprehensive lifecycle management.
What products or services does Magellan Aerospace offer?
Magellan Aerospace offers Aeroengines, Aerostructures, Wire Strike Protection System (WSPS®), Rockets and Space Systems, and Maintenance, Repair & Overhaul (MRO).
How many acquisitions has Magellan Aerospace made?
Magellan Aerospace has made 1 acquisition, including Ambel Precision Manufacturing.