TSX:MALAerospace & Defense
Does Magellan’s New Submarine Torpedo Alliance Reshape Its Defence Focus For Magellan Aerospace (TSX:MAL)?
In February 2026, thyssenkrupp Marine Systems (TKMS) and Magellan Aerospace Corporation signed a teaming agreement to collaborate on heavyweight torpedo production and in-service support for Canada’s future Canadian Patrol Submarine Project, while also exploring additional export-oriented defence programs.
This partnership highlights Magellan’s role in building high-value, sovereign defence capabilities in Canada by leveraging its expertise in complex fabrication, design and manufacturing...