Magellan Aerospace Corporation (Magellan) is a supplier of components to the aerospace industry. Through its wholly owned subsidiaries, Magellan designs, engineers and manufactures aeroengine and aerostructure components for aerospace markets, products for military and space markets, and complementary specialty products. The Company also supports the aftermarket through supply of spare parts, as well as performing repair and overhaul services. The Company has two product groupings: aerostructures and aeroengines. Aerostructure and aeroengine products are both used in new aircraft, and for spares and replacement parts. The Company supplies aerostructures products to an international customer base in the civil and defence markets. On February 13, 2008, the Company acquired Verdict Aerospace Components Ltd. (Verdict).