Aerospace company COM DEV International Ltd., a global designer and manufacturer of advanced space hardware, plans to double production capacity at its Ontario, Canada
, manufacturing facility, creating 75 new jobs in the Province.
“We are pleased that the Ontario government is supporting the modernization and expansion of our world class space-qualified electroplating facility. This unique process capability will ensure that COM DEV can address the exacting standards and growing demands of the satellite industry,” said Michael Pley, CEO of COM DEV International Ltd.
Ontario’s aerospace industry
is an important part of our future, and our government’s partnership will help it innovate and grow. Today’s investment will strengthen COM DEV’s ability to compete in the global marketplace while creating good jobs here in Ontario,” Kathleen Wynne, Premier of Ontario
With support from the province's Southwestern Ontario Development Fund, the company will expand its facility and invest in innovative technology to improve efficiency, increase productivity and lower environmental impacts. Ontario is providing a grant of $1 million to support COM DEV’s substantial investment in this project, Provincial officials said. “Helping Ontario businesses stay competitive and grow is part of the government's economic plan that is creating jobs for today and tomorrow.”
COM DEV International Ltd. is headquartered in Cambridge, Ontario and employs more than 1,200 people across its facilities in Canada, the United Kingdom and the United States. In January, Ontario launched the Northleaf Venture Catalyst Fund to attract more investments to the province and help businesses compete globally.
“Ontario remains committed to attracting investment and improving the competitiveness of the aerospace industry. Through the Southwestern Ontario Development Fund, we are helping COM DEV grow its business and bring high-paying, quality jobs to Ontario,” Dr. Eric Hoskins, Minister of Ontario Economic Development, Trade and Employment