Grant will help keep jobs and launch new products.
Oakville, Ont.— Goodrich, a Charlotte, N.C.-based manufacturer of aircraft landing gear systems is receiving a $3.34-million grant from the Ontario provincial Government to help develop new technologies.
The company is expected to kick-in an additional $94.7 million in the deal, which will create 31 new jobs while retaining 37 highly-skilled positions at Goodrich’s Boeing, Airbus, Regional and Business Aircraft Unit headquarters located in Oakville.
The investment is aimed at developing and manufacturing more advanced and reliable landing gear systems that reduce environmental impacts using lighter, more advanced materials and securing new supply contracts.
“This partnership between the McGuinty government and Goodrich will be a big boost for Oakville with new jobs and new opportunities for growth,” said Oakville MPP Kevin Flynn. “It’s great to see such a bright future ahead for this world-class Oakville plant.”
Goodrich’s Oakville plant employs 825 people and designs, tests and manufactures complex landing gear systems for the world’s largest commercial aircraft companies including Boeing, Airbus and Bombardier. The plant is also home to the world’s largest landing gear test lab.
“The funding will support important research and development to help us advance our technologies and secure key projects,” said Frank Karakas, vice-president of Goodrich’s Airbus & Bombardier Business Unit.
Ontario’s aerospace industry employs about 22,000 people and generates sales of $6.5 billion annually.