Magellan Aerospace ( (TSE:MAL) ) has shared an announcement.
Magellan Aerospace has amended a long-term Revenue Sharing Agreement with GE Aerospace to include the production of major components for the F414-GE-400K aircraft engine, which will be used in the Korean KF-21 aircraft program. This agreement positions Magellan as the sole provider of F414 engine frames for several programs, including the KF-21, US Navy spares, and Gripen F414-39E engine programs, strengthening its longstanding relationship with GE Aerospace and highlighting its role in the aerospace industry.
Spark’s Take on TSE:MAL Stock
According to Spark, TipRanks’ AI Analyst, TSE:MAL is a Neutral.
Magellan Aerospace’s robust financial performance and technical indicators show strong upward momentum. However, caution is warranted due to overbought technical signals and a moderate valuation relative to the industry. The company’s strong financial results in Q4 2024 further support its growth potential, but operational efficiency improvements and higher profitability margins are still necessary for a higher score.
To see Spark’s full report on TSE:MAL stock, click here.
More about Magellan Aerospace
Magellan Aerospace Corporation is a global aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, as well as defense and space agencies worldwide. The company designs and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, and offers advanced proprietary products for military and space markets. Additionally, Magellan provides engine and component repair and overhaul services globally. It is a public company with shares trading on the Toronto Stock Exchange and has operating units in North America, Europe, and India.
YTD Price Performance: 25.62%
Average Trading Volume: 16,289
Technical Sentiment Signal: Sell
Current Market Cap: C$721.1M
See more insights into MAL stock on TipRanks’ Stock Analysis page.