OREANDA-NEWS. July 13, 2016. Businesses in the Canadian aerospace and defence sector will get their products to market faster and more efficiently with the Government of Canada’s investment of \\$4.98 million in 11 Quebec aerospace companies. These investments will strengthen the skills, knowledge and business expertise that create highly skilled and good-paying jobs for Canadians working in the aerospace industry.

The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, made the announcement at the Farnborough International Airshow, which is being attended by a large delegation of Quebec aerospace companies.

The companies that received funding include: APN Inc., Alphacasting Inc., Elimetal Inc., Industries B. Rainville Inc., DICI Industries Inc., Lev-Fab, Luxia Innovation Ltd., M1 Composites Technology Inc., Mesotec Inc., Sonaca Montreal Inc. and Vestshell Inc.

The financial assistance, provided under CED’s Quebec Economic Development Program (QEDP), will be used by the companies to enhance their production capacity, or implement a commercialization strategy.

Over \\$39 million will be invested by the companies and their partners to carry out these projects.

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“The Government of Canada is proud of the made-in-Canada innovations that have made our country’s aerospace industry a global success. The industry is a leader and a source of inspiration when it comes to innovation. It employs 211,000 Canadians in high-quality and good-paying jobs, and generates more than \\$28 billion in the economy. Aerospace manufacturing is the number one investor in research and development among all Canadian manufacturing industries. The industry is a key economic engine for our country.”

The Honourable Navdeep Bains, Minister responsible for CED