Industry Canada loan provided through federal Strategic Aerospace and Defence Initiative (SADI)
DELTA, B.C.—The federal government is forking out $4.4-million to support a Canadian aerospace firm.
Industry Canada announced it is lending $4.4-million to Delta., B.C.-based Avcorp Industries Inc. as it works to develop new technologies in metal bonding for use in aerospace parts.
The loan, provided through Ottawa’s Strategic Aerospace and Defence Initiative (SADI), will be used to develop advancements in metal-bonding technology, which Avcorp will use to manufacture new aircraft parts like structural panels, rudders and wing parts.
Manufacturing, final assembly and testing during the multi-year program will be done in Canada.
Avcorp builds aircraft structures for aerospace giants like the Boeing Co. and Bombardier Inc.
It operates plants in in Delta in British Columbia’s Lower Mainland and Burlington, Ont., and employs more than 400 people.