Magellan Aerospace Corporation (Magellan) is engaged in the engineering, design and manufacture of sophisticated components and assemblies for civil and defence aircraft and helicopters, the manufacture, modernization, repairing and overhauling of jet engines, the design and manufacture of rocket and satellite systems, and the design and production of magnesium and aluminium castings, primarily for the aerospace industry. The Company has four product groupings: Aerostructures, Aeroengines, Rockets and Space Systems, and Specialty Products. Aerostructure and aeroengine products are both used in new aircraft, as well as for spares and replacement parts, and for commercial and military applications. Rockets and space systems are used for scientific and reconnaissance applications, defence tasks and space exploration. Specialty products include products used in flight safety and energy delivery roles, and in industrial power applications.