Announced today an agreement with the Canadian government for the provision of LUU-2 illumination flares for the Royal Canadian Air Force (RCAF). The $39-million, four-year contract commences in 2024 and involves the manufacture, assembly, and delivery of LUU-2 flares from Magellan Aerospace, Winnipeg's propellant plant in Manitoba. Magellan Aerospace Corporation shares T.MAL are trading unchanged at $7.48.
Stocks in play: Magellan Aerospace Corporation
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