Magellan is a component supplier for the Airbus A380, the Boeing 787 Dreamliner, the F-35 Joint Strike Fighter, and Bombardier's complete line of business and commuter aircraft.

Magellan also supplies gas turbine components for airplanes, helicopters, and military vehicles such as the M1 Abrams.

They produced products and services for the Canadian military, as well as subassemblies for aviation companies.

Through the 1990s, Magellan expanded, buying a number of Canadian aviation companies.

The Fleet Aerospace division was closed in 2003, was sold, and later re-opened as Fleet Canada Inc. Magellan Aerospace is now an integrated, international company and all of its subsidiaries are wholly owned, operating under the Magellan name.