News
For Immediate Release
Mississauga
08/25/2011
Support For Aerospace Industry Creates New High Tech Jobs: McGuinty Government Supports Cutting-Edge Company To Become More Competitive
NEWS
Ontario is helping Magellan Aerospace — a leading Canadian manufacturer of aerospace systems and components — expand its advanced machining operations and create and protect 22 jobs.
With the province’s support, Magellan is upgrading and enhancing its Kitchener and Mississauga facilities to develop the next generation of aerospace products. The new equipment will help the company be more competitive in the global market and enable them to manufacture critical, precision components for aircraft.
Partnering with businesses and modernizing Ontario's tax system is a key part of the McGuinty government’s plan to create jobs for Ontario families and enhance programs and services that matter to Ontario families such as health care and education.
QUOTES
“Partnering with our aerospace companies will help them remain at the cutting-edge as a result of the investments they bring to the table. This will ensure these companies remain a fixture in the province supporting tens of thousands of direct and indirect jobs.”
― Sandra Pupatello, Minister of Economic Development and Trade
“The GTA is a leader in aerospace innovation and technology. The McGuinty government is proud to partner with the sector to create many valuable jobs in the region.”
― Dr. Kuldip S. Kular, MPP for Bramalea-Gore-Malton
“Magellan takes pride in being one of Canada’s leading manufacturers of aerospace components. Magellan’s Ontario facilities are playing a key role in the development of manufacturing technologies to produce advanced aerospace components for next-generation aircraft.
― D. Scott McCrady, JSF Program Director, Magellan Aerospace
QUICK FACTS
- Magellan’s Kitchener facility will produce aluminum and titanium structural components for aircraft. Magellan’s Mississauga facility will manufacture engine components.
- As a result of the tax changes in Ontario, including the HST, taxes on new business investment were cut in half, making Ontario more competitive and encouraging business growth.
LEARN MORE
- Review Ontario’s Progress Report 2011 for more details on the government’s achievements.
- Read about the government's plan for the economy.
- Check Ontario’s comprehensive economic and trade news, including its toolkit for businesses.
- Visit the Invest in Ontario website.
For more information:
Lauren Tedesco
Minister's Office
416-325-6909
Sofia Sousa-Dias
Communications Branch
416-326-8465
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