Backgrounder: CED supports 14 projects to boost recovery of Quebec’s aerospace sector

Backgrounder

Valleyfield, Quebec, July 7, 2023Canada Economic Development for Quebec Regions (CED)

The following information is in addition to the news release issued on July 7, 2023, on CED’s financial assistance, the recipient organizations, and their respective projects.

Summary

  • 14 projects supported by CED
  • $32,571,736 in repayable financial contributions from CED
  • $73,616,349 in total investments generated

Details

Region Recipient Activities funded by CED Contribution Total cost

Québec‒Chaudière-Appalaches

Laflamme Aero Inc.

CED’s contribution focuses on the overall project, which aims to improve the business’s productivity and strengthen its capacity for commercialization, while also boosting its integration into regional and global supply chains. The main activities that will be undertaken are the upgrade of two unmanned helicopter systems (LX300), including the command stations that will be used for commercial demonstrations; the acquisition, installation, and integration of new digital manufacturing equipment, including a five-axis computer numerical control (CNC) machine tool, a digital cutting table, and a coordinate measuring machine (CNC CMM); and leasehold improvements.

$2,475,000

$3,300,000

Québec‒Chaudière-Appalaches

9446-7917 Québec inc. - Balko Technologies Inc.

CED’s contribution focuses on the overall activities of the project, which aims to strengthen the business’s capacity for commercialization, including the acquisition of equipment to design demonstrators, the purchase of software, and commercialization and marketing activities.

$320,346

$1,377,805

Cantons-de-l’Est

Calogy Solutions

CED’s contribution focuses on the overall project aimed at developing, commercializing, and certifying an energy storage system for the aerospace industry to make operations in the sector more ecological and enable sustainable environmental practices to be adopted.

$1,413, 750

$1,885,000

Greater Montréal

Sonaca Montréal Inc.

CED’s contribution focuses on the overall project aimed at maintaining the business’s ability to fill client orders, while also increasing its efficiency and reducing its environmental footprint. Activities include automating preforming activities (involving the hiring of two new robotics engineers), modernizing the painting workshop and machining centres, as well as greening the surface treatment line.

$5,250,000

$9,164,000

Greater Montréal

WatchOut Corp.

CED’s contribution focuses on the acquisition and installation of automated multipin equipment and peripheral accessories and equipment as part of establishing this new plant in Greater Montréal, which aims to design and manufacture high-precision metal components for the aerospace industry.

$5,000,000

$22,034,950

Greater Montréal

Abipa Canada Inc.

CED’s contribution focuses on the acquisition of production equipment, including state-of-the-art digital machining centres and robots that will be integrated into the client’s Industry 4.0 plant, as part of its project aimed at meeting growing demand as the aeronautics industry recovers internationally.

$3,975,000

$5,300,000

Greater Montréal

Optima Aero Inc.

CED’s contribution focuses on the overall activities of the project, which aims to ensure the business grows by acquiring production equipment and technological tools, implementing a marketing strategy internationally, and upgrading helicopters at the end of their lifecycle.

$3,500,000

$9,844,528

Greater Montréal

M1 Composites Technology Inc.

CED’s contribution focuses on the overall project aimed at improving the business’s productivity and strengthening its integration into the regional and global supply chain, while also fostering the transition to a greener economy. Activities undertaken as part of this project include the acquisition of used aircraft units and related components to be rebuilt and put back into service to meet global market needs.

$3,000,000

$7,000,000

Greater Montréal

Meloche Group Inc.

CED’s contribution focuses on the acquisition and installation of digital production equipment as part of the business’s project to adopt sustainable practices and enhance its productivity.

$2,900,000

$3,988,666

Greater Montréal

Tecnickrome Aéronautique Inc.

CED’s contribution focuses on the acquisition and installation of new production automation and digitization equipment for surface treatment services and the mass production of new civilian and military airplane components. The financial support is also contributing to the fitting out of new production facilities.

These activities are part of a project to launch a new production line, make operations greener, and strengthen the client’s integration into the regional and global supply chain.

$1,890,556

$5,671,670

Greater Montréal

DCM Group Inc.

CED’s contribution focuses on the establishment of an information exchange network for the supply chain and a production cost analysis module as part of a project to improve business productivity.

$1,061,250

$1,415,000

Greater Montréal

Alphacasting Inc.

CED’s contribution focuses on the acquisition and installation of cutting-edge digital production and component inspection equipment aimed at improving business productivity.

$1,000,000

$1,468,750

Greater Montréal

Dynatherm Instrumentation Inc.

CED’s contribution focuses on the acquisition of specialized digital equipment, including a digital control machining centre and specialized calibration equipment, as part of a project by the business to improve its productivity.

$500,000

$848,387

Greater Montréal

Montréal International

CED’s contribution focuses on the hiring of a project director dedicated full time to attracting and expanding foreign direct investment (FDI) from multinationals and equipment manufacturers offering technological products and services for the most promising and innovative new business segments in this sector, thereby fostering their integration into regional and global supply chains.

$285,834

$317,593

Information

Media Relations, CED
media@dec-ced.gc.ca

Page details

Date modified: