TSX:MALAerospace & Defense
Magellan Aerospace (TSX:MAL) Is Up 7.8% After Securing Domestic M-72 Weapon Production Contract
Magellan Aerospace Corporation previously announced that it had been awarded a contract from the Government of Canada to produce the M-72 Light Anti-Tank Weapon under Canada’s Munitions Supply Program, supporting the Canadian Armed Forces with domestically manufactured munitions.
The award reinforces Canada’s aim to build a resilient, NATO-compatible defence industrial base by localizing production of a widely used anti-armour system with long-term operational importance.
We’ll now examine...