Government Invests in Avcorp's R&D
The Government has announced a $4.4-million investment in Avcorp Industries Inc.'s latest research and development (R&D) program. The project will develop new technologies in metal bonding and aircraft parts manufacturing. The contribution, made through the Strategic Aerospace and Defence Initiative (SADI), will allow Avcorp to realize greater market opportunities.
With this repayable contribution, Avcorp will develop advancements in metal-bonding technology, which it will use to manufacture new aircraft components, such as structural panels, rudders and wing parts. This multi-year project will help the company to realize a competitive advantage through cost-effective advanced manufacturing.
The manufacturing, final assembly and testing of all components will be done in Canada, and will provide work for Avcorp's suppliers as well as valuable hands-on experience for the university students selected to work on the project.
"Canada's aerospace industry directly employs 73,000 people in high-skilled jobs and contributes more than $12 billion to the economy. By investing in Avcorp's advanced manufacturing project, we are helping to ensure that our aerospace industry remains a world leader," stated Industry Minister James Moore.