March 8 (Reuters) - Magellan Aerospace Corp
* Magellan Aerospace Corporation announces financial results
* Q4 revenue C$247.1 million versus I/B/E/S view C$250.4 million
* Qtrly earnings per share $0.41
* Traditional regional aircraft market is not expected to change in 2017
* Magellan Aerospace Corp - "many expect that U.S. Defense procurement spending will rise under new US administration"
* Magellan Aerospace - it is as yet unknown what impact political movement towards nationalism in U.S. and UK will have on global defense spending
* Magellan Aerospace- commercial rotorcraft & business jets markets remain down and are not expected to change much in 2017 Source text for Eikon: Further company coverage: