Major Aerospace Announcement by the Government of Canada in the Wings of the International Paris Air Show

15 companies and one organization from the Quebec aerospace sector to share more than $11 million in funding for projects that will generate over $78 million in investment
MONTREAL, QUEBEC–(Marketwired – June 17, 2015) – Canada Economic Development for Quebec Regions (CED)

The Honourable Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec, today announced, on the margins of the International Paris Air Show, the awarding of funding to 15 businesses and one organization from the Quebec aerospace sector.

This assistance is being granted in the form of 15 repayable and one non-repayable contributions totalling $11,595,742 through CED’s Quebec Economic Development Program (QEDP).

Quick facts

— The businesses and organization receiving this financial support from
the Government of Canada are: Messier-Dowty Inc., LISI Aerospace Canada
Corp., Abipa Canada Inc., Alta Precision Inc., A.T.L.A.S. Aeronautik
Inc., Optimum-Canada Inc., Verdun Anodizing Inc., Rapid Precision
Industries Ltd, Loiretech Canada Inc., Libellule Images Inc., TechFab
Inc., Avera Inc., 7893159 Canada Inc. (3DSemantix), SF Tech Inc., M1
Composites Technology Inc. and the Centre technologique en aerospatiale
(C.T.A.).
— The Quebec and Canadian aerospace sector is a source of pride for all
Canadians and a symbol of the country’s technological success. It has
earned an international reputation for its advances and innovativeness
and is a major supplier of quality jobs.
— Canada’s 700-some aerospace firms, of which more than 200 are Quebec-
based (218), have developed know-how that allows them to measure up to
the very best in terms of design and manufacturing. They generate total
sales of $25.1 billion, 80% of it on export markets, and provide about
73,000 jobs.

Quote
“Supporting innovation and research and development is one of the pillars of the strategy the Government of Canada has put in place to create a high-performance economy that generates wealth and jobs. It is for this reason that we have decided, without hesitation, to lend our financial support to Quebec and Canadian aerospace companies that are helping to build our country’s economic vitality.”

Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec

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