Government of Canada supports economic growth and job creation for Vaughan-based aerospace parts manufacturer
News release
FedDev Ontario invests over $4.2 million for Dishon Limited to expand operations, adopt advanced technology and create 50 jobs
December 9, 2022 – Vaughan, Ontario
The aerospace sector is an important pillar of the economy and a driver of innovation in Canada. It is one of the most research-intensive and export-focused manufacturing industries, employing thousands of highly qualified people in every region across the country. In southern Ontario, manufacturers play an integral part in the global supply chain, with products on virtually every passenger aircraft in the world.
Today, on behalf of the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), Francesco Sorbara, Member of Parliament for Vaughan–Woodbridge, announced over $4.2 million, through the Aerospace Regional and Recovery Initiative (ARRI), for Dishon Limited.
Operating out of two facilities in Vaughan, Ontario, Dishon Limited produces components for parts used in the aerospace sector, such as landing gear, engines and fluid systems. Through this investment, the company will employ new manufacturing equipment, allowing for the commercialization of up to 200 new parts. This will help them expand into new markets like space and electrical aviation. The project is expected to increase revenue by up to $18 million and create 50 new jobs in Vaughan.
The Government of Canada is committed to supporting southern Ontario’s aerospace sector by providing businesses and organizations the support they need to grow, create and maintain jobs, and contribute to a strong recovery and future economic growth in a more environmentally sustainable and inclusive way.
Quotes
“Investing in southern Ontario’s aerospace sector will contribute to the creation of good paying jobs and support economic growth. Businesses like Dishon Limited are working hard to grow this important sector, creating high-quality jobs and ensuring Canada remains competitive on a global scale for years to come.”
– The Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario
“Today’s investment in Dishon Limited is great news for the local manufacturing and aerospace sectors in Vaughan and across southern Ontario. Dishon is creating 50 new jobs locally while expanding its operations to diversify and reach new customers.”
– Francesco Sorbara, Member of Parliament for Vaughan–Woodbridge
“Aeropace manufacturing is massively capital intensive, and we are extremely grateful in having FedDev Ontario as a partner to support the next decade of manufacturing growth in Space, Engines and the Ontario ecosystem. The ARRI funding is a crucial piece of Dishon’s growth strategy and enables us to take our company, skills, and employees to the next level of service for our customer base. ”
– Ilan Dishy, President, Dishon Limited
Quick facts
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Incorporated in 1980, Dishon Ltd. has served the aerospace sector as a Tier 2 manufacturer producing a variety of components primarily for the aerospace sector. To recover from the impact of COVID-19, Dishon diversified its operations to produce components for military aircraft, electric vertical takeoff, and landing (EVTOL) aircraft and space programs.
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Ontario’s aerospace industry contains over 200 firms, employing more than 44,000 workers and is responsible for more than $6 billion in revenues.
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Delivered by Canada’s regional development agencies, the Aerospace Regional Recovery Initiative (ARRI) is part of a Government of Canada strategy that includes measures being implemented by Innovation, Science and Economic Development Canada to boost the aerospace industry. With a national budget of $250 million over three years, FedDev Ontario is delivering $67.5 million in support in southern Ontario.
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Since 2015, the Government of Canada, through FedDev Ontario, has invested over $148 million in 30 aerospace projects across southern Ontario, creating over 920 jobs and maintaining over 850 jobs, including an investment of nearly $1.4 million in Racer Machinery International Inc. to boost productivity, global competitiveness and support over 30 jobs in Cambridge, Ontario.
Associated links
Contacts
Edward Hutchinson
Press Secretary
Office of the Minister responsible for the Federal Economic Development Agency for Southern Ontario
edward.hutchinson@feddevontario.gc.ca
Media Relations
FedDev Ontario
feddevontariomediarelations-relationsmedias@feddevontario.gc.ca
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