Today, the Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions, announced a $55.7 million investment through the Strategic Response Fund in MDS Coating Technologies Corporation's (MDS) $212.9 million project to develop and commercialize its protective coating technology for aerospace engines. The Government of Canada is investing strategically to strengthen Canada's dual‑use industrial base and reinforcing aerospace as a key sovereign capability enabling the sector to build on its commercial strengths while supporting long‑term industrial capacity.
MDS is a P.E.I.-based aerospace coating technology company specializing in the design, development and application of nanocoatings for aircraft engines. These investments will enable the company to expand its facility and to enhance its manufacturing capabilities for next-generation aerospace coating technologies. MDS's coating technologies are engineered to improve engine durability and retain engine performance, resulting in lower maintenance costs and reduced fuel consumption. This project will strengthen MDS's ability to meet the growing global demand for sustainable aviation products, while reinforcing Canada's position within the global aerospace engine supply chain.
The Government of Canada's investment in MDS will create and maintain up to 230 jobs, and in addition, the company will provide 70 student co-op opportunities over the course of the project. The government is delivering on its commitment to build a stronger Atlantic economy that is competitive in a net-zero economy. Today's historic announcement marks the largest-ever government investment in PEI's aerospace and dual-use sectors, and advances several Sovereign Capabilities prioritized in Canada's ambitious Defence Industrial Strategy. This partnership between the governments of Canada and Prince Edward Island is proof of how collaboration across governments and industry drives growth, resilience, and opportunity across the country.
The global economy is rapidly transforming, and the Government of Canada is focused on what it can control. Canada's defence industrial base is being strengthened to build a more sovereign and resilient economy - one rooted in Canadian workers and industries critical to our national security.
