Mr. Haydn Martin reports

MAGELLAN AEROSPACE SIGNS LONG-TERM AGREEMENTS WITH PRATT & WHITNEY CANADA

Magellan Aerospace Corp. has signed important long-term agreements (LTAs) with Pratt & Whitney Canada. Pratt & Whitney is an RTX business. These contracts with Pratt & Whitney Canada include a blend of contract extensions to legacy agreements and new manufacturing program awards. The complex machined components will be delivered for a period ending in 2034 from Magellan's facility located in KIADB Industrial Area, Tumakuru (Tumkur), Karnataka, India.

These agreements, combining contract extensions and new program awards, reinforce Magellan's position as a trusted partner in delivering high-quality components. The Tumkur facility will expand its portfolio with new work that leverages its expertise in precision manufacturing and advanced engineering solutions.

To support the increased scope of the work in these LTAs, Magellan will invest in a new machining cell that will expand Tumkur's state-of-the-art machining capability. The facility specializes in the manufacture of CNC-machined (computer numerical control) aerostructure and aeroengine assemblies with cutting-edge technology, approved by major aerospace Primes.

"Magellan Aerospace is proud to deepen our relationship with Pratt & Whitney Canada through these agreements," said Haydn Martin, Magellan's vice-president of business development, marketing and contracts. "These contracts reflect the trust in our ability to deliver exceptional quality, reliability and performance. We look forward to continuing our successful collaboration. The agreements reaffirm the mutual commitment between Magellan's and Pratt & Whitney Canada and underscore Magellan's dedication to supporting our customers with reliable and innovative solutions in a highly competitive market."

About Magellan Aerospace Corp.

Magellan Aerospace is a global aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers as well as defence and space agencies worldwide. Magellan designs and manufactures aeroengine and aerostructure assemblies and components for aerospace markets as well as 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 (symbol: MAL), with operating units throughout North America, Europe and India.

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