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Ellanef Manufacturing Corporation history
Ellanef Manufacturing Corporation company history timeline
Canadair, a state-owned company based in Quebec, was put up for sale after a Conservative administration came to power in 1984.
In early 1986, the United States Department of Defense began investigating allegations by a former Fleet employee that the company had sold defective components to United States military contractors.
Another merger followed in the last half of 1988.
Long-term debt more than doubled to nearly $18 million as FAC itself posted a $5.4 million loss for 1989, prompting it to put other subsidiaries on the block.
Fleet Aerospace Corp. announced a C$32 million loss for the fiscal year ending September 30, 1990 on sales of C$134 million.
Losses for fiscal 1993 were C$7.3 million on revenues of C$99.5 million.
In the first phase, completed in January 1995, Fleet eliminated $29 million in bank debt.
1996: Fleet is renamed Magellan Aerospace after restructuring.
By 1997, employment at Magellan's Fleet Industries unit had swelled to 480.
Magellan acquired another aerospace parts manufacturer, Chicopee Manufacturing Ltd., in May 1998.
Bristol won a C$4.6 million order to supply engine collector housings for the United States Army's M1 Abrams tank in October 2001.
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Ellanef Manufacturing Corporation competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Precision Close Tolerance CNC Machining & Tooling | - | $600,000 | 6 | - |
| Precision Machining | - | $290,000 | 5 | - |
| C&A Tool Engineering | 1969 | $220.0M | 750 | - |
| Basin Precision | 1980 | $25.5M | 125 | - |
| Berkshire Industries | 1956 | $700,000 | 50 | - |
| Chandler Industries | 1962 | $60.0M | 75 | 20 |
| Omni Components | 1978 | $51.0M | 50 | - |
| Arwood Machine | 1964 | $13.4M | 50 | 1 |
| Precision Swiss Products | -1974 | $640,000 | 107 | - |
| Micropulse | 1988 | $430,000 | 10 | - |
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Ellanef Manufacturing Corporation may also be known as or be related to Ellanef Manufacturing, Ellanef Manufacturing Corp. and Ellanef Manufacturing Corporation.