December 18, 2023 · Halifax, Nova Scotia · Atlantic Canada Opportunities Agency (ACOA)
Aerospace and defence (A&D) companies play a pivotal role in safeguarding nations and ensuring global security. For Atlantic Canadians, they also present opportunities to gain skilled employment, and contribute to economic growth. The Government of Canada is investing to support innovation, expansion, automation and digitization in Nova Scotia's aerospace and defence sector.
Today, the Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister Responsible for ACOA, announced total repayable investments of $4,144,807. This funding supports five A&D companies.
ESL Technology Inc. (ESL Labs) is receiving $2,581,750 for two projects to acquire new equipment and expand its testing capabilities. These investments will help ESL Labs broaden their product and material testing to local, national and international organizations. These investments will result in ten new jobs by the end of 2024 and an anticipated 8 new jobs by the end of 2025.
Aerotec Engines Limited (Aerotec Engines) has received $500,000 to re-design and expand its facility, and to acquire advanced manufacturing equipment. These improvements will allow the company to increase efficiency, helping it become a leader in overhauling and repairing engines for the general aviation market. This project is also expected to create 10-15 new jobs.
I.M.P Group Limited (IMP Group) has received $478,557 to purchase equipment and software that will help automate and digitize its manufacturing and repair processes.
Modest Tree Media Inc. (Modest Tree) received $334,500 to engage business development, marketing and human resource expertise to help grow the company efficiently. This will also help the company meet client demand for its 3D training simulations, and for its digital solutions for maintenance and operations of complex equipment.
Spiri Holdings Inc. (Spiri Robotics) has received $250,000 to acquire additional engineering, research and computer science expertise. This will help the company meet growing demand for its unmanned drones and mobile drone bases, which are designed primarily for security, data collection and analysis.
