Jul 22, 2026
Magellan (MAL) was up 8% after announcing a contract with Ottawa to produce the M-72 LAW, as the GoC looks to bring more equipment production in-country…
… an initiative the company sits directly downstream from.
After a quiet back half of last year, MAL shares have nearly doubled YTD - with wins like this and the recent TKMS torpedo production deal pushing the multiple to new highs.
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