The Ontario-headquartered maker of plane and spacecraft components reported that its most recent quarter saw its revenue increase 22.3 per cent and its net profit more than triple to $19.8 million, compared with the same period last year. But its whole sector is facing “persistent shortages of skilled labour, constrained availability of raw materials and specialized aerospace components and ongoing supply chain bottlenecks,” which are holding back growth, it said in its earnings report. (The Logic)

Talking point: The challenges are global and compounded by wars and tariffs, which interfere with supply chains and “interconnectivity” in aerospace markets, Magellan’s release said; defence spending is generally good for Magellan’s business even as the conflicts that prompt all those military purchases limit its ability to meet the demand. Almost exactly two-thirds of Magellan’s work is for commercial customers and one-third is in defence. 

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