Magellan Aerospace (TSE:MAL) has released an update.
Magellan Aerospace has secured a deal to supply Black Brant vehicles and hardware to Peraton, supporting NASA’s Sounding Rocket Program with a contract that could yield up to $75 million over five years. This partnership reinforces Magellan’s longstanding role in suborbital space exploration, leveraging their Black Brant rockets’ exemplary success rate of 99.4% over 500 launches. The collaboration with Peraton, which won the NSROC IV contract, marks a new business relationship for Magellan, a leading aerospace company with global operations.
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