September 7, 2005
Lunenburg, Nova Scotia
As an international leader in the design of composite
aircraft components, Composites Atlantic is a Nova Scotia
success story. To build on that success, the Honourable
Joseph McGuire, Minister of the Atlantic Canada
Opportunities Agency, was pleased to announce in Halifax
today that the company is receiving a $391,533
provisionally repayable contribution for a project
involving the development and marketing of a new aircraft
engine strut. Boeing is one of a number of companies that
are potential customers for the new strut."Composites Atlantic has an exemplary record in developing
new ideas and bringing them to the marketplace," said
Minister McGuire. "The company recognizes that innovation
is the key to competing successfully on the international
stage, and ACOA is proud to facilitate that kind of
success.""This company thrives on being an international leader in
aeronautical component design," said Composites Atlantic
CEO Maurice Guitton. "It is also a source of pride to us
that we have helped put Nova Scotia, and Atlantic Canada,
on the world map in this industry." Established in 1993 with 10 employees, Composites Atlantic
currently has a workforce of more than 230 in a rural area
of Nova Scotia. More than 50 per cent of the company's
current activities began as research and development, and
were then developed into full-scale production programs. The company's list of clients includes many of the world's
major aircraft manufacturers. As a result, more that 80 per
cent of the company's total production is destined for the
export market. For broadcast use:
A Nova Scotia success story, Composites Atlantic, of
Lunenburg, is receiving a provisionally repayable loan from
ACOA intended to help the company develop and market a new
aircraft engine strut. Composites Atlantic is an international leader in the
design and manufacturer of composite aircraft parts. The
ACOA loan, valued at more than 390,000 dollars, was
announced today by ACOA Minister Joseph McGuire.
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For further information, please contact:
Valérie Poulin
Director of Communications
Office of the Honourable Joseph McGuire
Minister of Atlantic Canada Opportunities Agency
(613) 941-7241
David Harrigan
Media Relations Officer
ACOA (Nova Scotia)
(902)426-4238
Maurice Guitton
President
Composites Atlantic
Lunenburg, NS
(902) 527-7866
