- Magellan (MAL) will design, build, launch and operate the Redwing microsatellite
- The C$15.8 million government contract will enable continuous Canadian access to critical space capabilities such as communications, remote sensing and weather services
- The Redwing’s launch is slated for 2026
- Magellan is a global aerospace company providing complex assemblies and systems solutions
- Magellan Aerospace (MAL) is down by 4.73 per cent, trading at $7.86 per share
Magellan (MAL) will design, build, launch and operate the Redwing microsatellite.
The C$15.8 million contract is directed by the Department of National Defence’s science and technology organization, Defence Research and Development Canada.
When launched in 2026, the Redwing will perform space object tracking to characterize the orbital environment, including higher detail on space objects and near real-time data.
Magellan will build the satellite at its Winnipeg facility, which contributed to the SCISAT-1, CASSIOPE and RADARSAT Constellation Mission satellites. Magellan will also oversee the development and operations of the overall Redwing mission.
Redwing will ensure continuous Canadian access to critical space capabilities such as communications, remote sensing and weather services.
The contract complements Magellan’s over 60 years as a supplier of space systems to Canadian and global markets.
“The Redwing mission will leverage Magellan’s solid heritage in building high-quality space systems while establishing new spacecraft technologies and mission capabilities,” stated Haydn Martin, Magellan’s Vice President, Business Development, Marketing and Commercial.
Magellan is a global aerospace company providing complex assemblies and systems solutions.
Magellan Aerospace (MAL) is down by 4.73 per cent, trading at $7.86 per share as of 10:29 am EST.