Magellan Aerospace Announces Quarterly Dividend

TORONTO, Nov. 7, 2014 /CNW/ - The Board of Directors of Magellan Aerospace Corporation ("Magellan Aerospace") (TSX: MAL) today declared a quarterly cash dividend of $0.055 (five and one-half cents) per share on the Corporation's common shares. The dividend is payable on December 31, 2014, to stockholders of record at the close of business on December 12, 2014.

About Magellan Aerospace

Magellan Aerospace is a global, integrated aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defence and space agencies worldwide. Magellan designs, engineers, and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced products for military and space markets, industrial power generation, and specialty products. Magellan is a public company whose shares trade on the Toronto Stock Exchange (TSX: MAL), with operating units throughout Canada, the United States, the United Kingdom, India, and Poland.

SOURCE: Magellan Aerospace Corporation

John Dekker, Chief Financial Officer and Corporate Secretary, Magellan Aerospace Corporation, T: [phone] Ext 224, E: [email protected]