Shares outstanding -
December 1996 - 42,971,402
Issued July 1997 - 11,000,000 @ $5.00/share
Warrants Outstanding-
Toronto exchange (MAL.WT.R)
February 3 1998 4,638,896 5 warrants plus $1.75 for one share
December 31 1999 4,600,000 $3.00
December 31 2000 240,000 $2.15
Magellan Aerospace Corporation, whose shares (MAL) are traded on the
Toronto Stock Exchange, manufactures and repairs and overhauls products for the international aerospace industry through nine subsidiaries and divisions:Bristol Aerospace Limited of Winnipeg and Rockwood, Manitoba and Medicine Hat,Alberta; Fleet Industries Ltd. of Fort Erie, Ontario; Orenda AerospaceCorporation of Mississauga, Ontario; Orenda Recip Inc. of Truro, Nova Scotia; A-R Technologies of Richmond, British Columbia; Aeronca, Inc. of Middletown,Ohio and Middleton Aerospace Corporation of Middleton, Massachusetts.
Formerly Fleet Aerospace a 51 year old company, reorganized under chairman and chief executive Murray Edwards. Under his direction the company has grown rapidly. It has recently announced the receipt of a major new program for its Bristol Aerospace Limited (''Bristol'') subsidiary.The contract with Boeing Canada Technology Limited of Winnipeg has an initial value of $98.9 million for deliveries during fiscal 1998 and 1999. Bristol will be manufacturing composites panels for wings and tail sections of the Boeing 737 Next Generation and Boeing 737 Classic Aircraft
SI Thread under Canadian Stocks
Subject 9522
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