Mr. Haydn Martin reports

MAGELLAN AEROSPACE AND THE GOVERNMENT OF CANADA ANNOUNCE CONTRACT TO DEVELOP CANADIAN PRODUCTION OF THE M-72 LIGHT ANTI-TANK WEAPON

Magellan Aerospace Corp. has been awarded a contract from the government of Canada to produce the M-72 light anti-tank weapon (LAW) under Canada's munitions supply program. The contract represents an important investment in Canada's sovereign defence industrial capability and will strengthen the nation's ability to manufacture and sustain critical munitions for the Canadian Armed Forces.

The agreement marks a milestone in advancing Canada's defence industrial strategy by solidifying domestic production capability for one of the world's most widely fielded and combat-proven shoulder-launched anti-armour weapons. By producing the M-72 LAW in Canada, the Government of Canada and Magellan Aerospace Limited are strengthening national resilience, enhancing supply chain security, and ensuring the Canadian Armed Forces have reliable access to a critical operational capability.

"This agreement represents a milestone for Magellan Aerospace and for Canada's defence objectives," said Haydn Martin, Magellan's vice-president of business development, marketing and contracts. "Together with the government of Canada, we are ensuring a sovereign manufacturing capability that will strengthen Canada's national security and maintain high-value employment and provide the Canadian Armed Forces with a secure, resilient domestic source of critical defence equipment. This investment demonstrates Canada's commitment to building world-class industrial capabilities that will serve the country for decades to come."

The initiative supports Canada's broader objectives of enhancing national security, increasing defence production capacity, strengthening sovereign industrial capabilities and contributing to allied defence readiness through a resilient North American and NATO-compatible (North Atlantic Treaty Organization) industrial base.

About Magellan Aerospace Corp.

Magellan Aerospace is a Canadian-headquartered global aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers and defence and space agencies around the world. Magellan designs and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced proprietary products for military and space markets and provides engine and component repair and overhaul services around the world. 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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