Ms. Laura Podaima reports

MAGELLAN AEROSPACE SIGNS AGREEMENT WITH PERATON TO SUPPORT NASA SOUNDING ROCKET PROGRAM

Magellan Aerospace Corp. will provide Black Brant vehicles and hardware to Peraton in support of the NASA Sounding Rocket program. Under the terms of the five-year agreement Magellan will supply NASA's annual requirements and could generate revenues up to a maximum of $75-million.

In 2023, Peraton won a competitive award to support the NASA Sounding Rocket Operations Contract IV (NSROC IV) over a five-year period of performance. Magellan is excited to embark on this contract with Peraton and solidify this new business relationship.

Magellan has been designing and manufacturing a family of Black Brant sounding rockets since 1962, playing a leading role in suborbital scientific exploration. The Black Brant is the most reliable, cost-effective and available multistage solid propellant rocket in use today with a success rate of 99.4 per cent over the last 500 launches. The annual missions flown for NASA's program provide researchers with unparalleled opportunities to fly missions that support their strategic vision.

About Magellan Aerospace Corp.

Magellan Aerospace is a global aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defence and space agencies worldwide. Magellan designs and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced proprietary products for military and space markets, and provides engine and component repair and overhaul services worldwide. Magellan is a public company whose shares trade on the Toronto Stock Exchange (TSX: MAL), with operating units throughout North America, Europe and India.

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