Magellan Aerospace Announces Renewal of Normal Course Issuer Bid

Magellan Aerospace received TSX approval to buy back up to 2,853,953 common shares, or 5% of outstanding shares, over 12 months starting June 15, 2026. Daily purchases are capped at 10,475 shares. The company believes the buyback is an effective use of resources when share prices do not reflect underlying value.