Lockheed Martin Sikorsky CH-53K helicopterClick image to enlarge

Canada's aerospace and defence sectors are important contributors to the Canadiane economy and the Federal government has invested tens of millions of dollars in businesses working in these sectors to help spur growth and create jobs. As part of the spinoff activity from these investments via the government's Industrial and Technological Benefits (ITB) Policy, Lockheed Martin's is investing $10 million in Mannarino Systems and Software.

The ITB Policy requires successful suppliers to invest in Canada an amount equal to the defence contract that they have won. Montreal-based Mannarino Systems and Software, an engineering firm that supplies mission-critical equipment to the aerospace and defence sectors will receive $10 million from Lockheed Martin, a supplier of equipment to the Canadian Forces. 

The investment by Lockheed is part of the company's ITB obligations for the in-service support of the C-130J Super Hercules, a transport aircraft.

Among other things, the investment will support Mannarino's efforts to develop proprietary software systems for aircraft.

"The Industrial and Technological Benefits Policy has real and tangible benefits," says Navdeep Bains, the Federal Minister of Innovation, Science and Economic Development. "By applying this policy, the federal government is able to create high-skilled, well-paying jobs for Canadians working in the sector. Investments made under the policy, such as those made by Lockheed Martin, support research and technological breakthroughs. And they create the next generation of businesses, such as Mannarino, that have the potential to participate in the global supply chain for the aerospace and defence sectors. That's how defence procurement drives innovation that leads to better jobs and better business opportunities for Canada."

The Canadian aerospace and defence sector supports more than 240,000 jobs and contributes $31 billion annually to Canada's gross domestic product.

The Canadian defence industry includes over 650 firms, supports the employment of more than 63,000 full-time workers and contributes $9.4 billion in revenue. The sector employs highly skilled workers in high quality jobs.

Since 1986, Canada's ITB Policy (and previously the Industrial and Regional Benefits Policy) have contributed almost $40 billion to Canada's gross domestic product. These investments have led to good jobs for Canadians across the country.

To date, over 90 per cent of ITB obligations have been completed or have activities in progress.

The ITB Policy requires winning contractors to invest in Canada at an amount equal to the contract they have won. The policy's Value Proposition ensures that defence contracts are awarded based on each bidder's economic commitment to Canada, alongside price and technical merit.

Recent contract awards, such as the fixed-wing search and rescue project, have generated high-value investments in Canada and work for the Canadian aerospace and defence sectors.

Future opportunities include the proposed purchase of an interim fleet of Super Hornets and the future competition for fighter jets, which will mean more opportunities for Canadian aerospace and defence firms to position themselves within the global value chains of major multinational aerospace companies.

Sandvik supports Innovative Manufacturing program at Saskatchewan Polytechnic

Cutting tool and tooling systems provider Sandvik Coromant has announced continued support of Saskatchewan Polytechnic’s Innovative Manufacturing program.

Aluminum big part of Magna ultralight door

Magna International Inc., in cooperation with the US Department of Energy (DOE) and partners FCA US and Grupo Antolin, announced it has developed a new, ultralight door architecture that achieves the project objective of 42.5 per cent mass savings compared to an average current production door.

Expect continued investments in Ontario’s automotive industry

Expect more government spending on Ontario’s automotive industry over the coming weeks. That’s the tip from Vic Fedeli, the province’s Minister of Economic Development, Job Creation and Trade.

New general manager for Seco Tools in Canada

Brancko Hohnec has been appointed general manager, Canada, for Seco Tools. He joined Seco 11 years ago and most recently was managing director of Seco in Slovenia. He has a background in mechanical engineering. He will be based in Mississauga, ON.




Brian Donnelly named president of Ferro Techqiue

Brian Donnelly has been named president of Ferro Technique Ltd., effective January 1, 2015.

Six companies receive federal economic development funding

Six companies in the Lévis, Quebec area have each received hundreds of thousands of dollars in funding from the Canadian federal government through Canada Economic Development’s Quebec Economic Development program. 

LVD buys Compac

LVD Co. has acquired automation solutions provider Compac S.r.l. of Urbino, Italy.

Advanced Manufacturing Supercluster spurs $76 million in ZEV investments

NGen Canada has announced a series of innovation projects to support the zero-emission vehicle (ZEV) manufacturing ecosystem in Canada.

DMG MORI top management visits WTO smart factory

Earlier this month, top executives from DMG MORI visited a WTO factory in Ohlsbach, Germany.

Mitsubishi Electric acquires ASTES4 SA

Mitsubishi Electric Corporation, an established MC Machinery automation solutions partner, has announced the acquisition of ASTES4 SA.

Manufacturing spurs Canada's biggest job gains in 7 months

A surge in employment in the manufacturing sector helped Canada's economy gain 58,000 jobs in May, the biggest gain in employment in seven months, according to the latest figures from Statistics Canada.

Ottawa, Ontario invest $150 million in Algoma Steel

As Canada gears up to lobby against US tariffs on steel and aluminum, the federal government is also making moves to bolster the industry here, most recently with the announcement of an investment of $90 million in Algoma Steel. The Ontario government is chipping in with a $60 million loan.

Glencore investing $200 million in battery recycler Li-Cycle

Toronto’s battery recycler Li-Cycle Holdings Corp is receiving a $200 million injection from Switzerland-based Glencore Plc as it looks to expand supply of battery metals for the electric vehicle (EV) industry.

Cash flow is now manufacturers’ biggest concern: CAMM Survey

Manufacturing is feeling the financial pain of the COVID-19 lockdown, with cash flow among the leading concerns, according to the latest survey by the Canadian Association of MoldMakers and Automate Canada.

MC Machinery Systems names Tony Imbrogno CEO

MC Machinery Systems has announced the promotion of Tony Imbrogno to CEO.

Stay In Touch

twitter facebook linkedIn