2 aerospace firms announce plans for new Montreal facilities
LTA Corp., Tech Mahindra plan to establish new facilities, create a combined 500 jobs
HAMPSHIRE, U.K.—A pair of international aerospace firms have announced plans to establish separate Canadian operations in the Montreal region, creating about 500 jobs between them.
Announced at the Farnborough International Airshow in Britain, Montreal will soon host an LTA Corp. aerostructure facility, as well as Tech Mahindra Ltd.’s new Canadian headquarters, which will be home to 300 engineering and information technology services employees.
LTA Aerostructures plans to invest $90 million over three years to establish a plant in the Montreal area where it will design and produce “a new category of airships intended for the delivery of heavy or oversized loads.”
“We are very honoured that LTA is developing this very environmentally friendly and forward-looking technology in Quebec,” Quebec Economy, Innovation and Exports Jacques Daoust said in a statement.
“This highly innovative company can count on a skilled workforce and a unique network of research centres and businesses to support it in its development.”
A growing area of interest for resource companies operating in remote regions, airships reduce the need to build infrastructure like roads and rail lines.
“Canada in general and Québec in particular represent a major market for transportation by airships in remote northern areas where there is an abundance of natural resources,” LTA Aerostructures president and CEO Michael Dyment said.
“We have received superb support and encouragement from the aerospace community and from local authorities. We are eagerly looking forward to collaborating with numerous Quebec companies.”
India-based Tech Mahindra announced it will create more than 300 jobs over the next three years as it sets up its Canadian headquarters in the Montreal region.
“Tech Mahindra has been present in Montreal since 2005 and has been part of the region’s exponential growth journey since then,” the company’s North American operations head, Lakshmanan Chidambaram, said.
The (new headquarters) will provide design and manufacturing engineering expertise, as well as manufacturing support, to the Canadian customer base.”