Defense and Aerospace Companies Announce 2019 Earnings Reports

SARASOTA, Fla., March 24, 2020 (Newswire.com) - Companies in the defense and aerospace sector have announced earnings reports for the end of March: Magellan Aerospace Corporation (MALJF), Aerospace Times Electronic Technology (600879.SS), and Avicopter PLC (600038.SS). These companies combined represent a total market cap of over $6.5 billion.

Magellan Aerospace Corporation designs, engineers, and manufactures aero engine and aero-structure assemblies for markets in North America, Europe, and Asia. Headquartered in Mississauga, Canada, the company recently announced that its Board of Directors declared a quarterly cash dividend, payable at the end of March.

Aerospace Times Electronic Technology is involved in the researching, developing, and manufacturing of aerospace electronic products out of Wuhan, China. It is also the main contractor for the Chinese space program, including in its products the manufacturing of spacecraft, launch vehicles, and missile systems.

Avicopter PLC, formerly known as Hafei Aviation Industry Co., is a state-owned defense and aerospace company based in Harbin, China. It is involved in the development, manufacture, and distribution of aerospace products, in addition to consulting services for aerospace technology, employing over 12,000 full-time employees. 

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