Aerospace company in Milton, Mississauga on receiving end of $1.5 million grant
Published July 21, 2022 at 3:56 pm
A leading supplier of aerospace components based in Milton and Mississauga is receiving a funding injection from the provincial government.
Cyclone Manufacturing, a leading supplier of aerospace components and sub-assemblies, will be on the receiving end of $1.5 million from the Advanced Manufacturing and Innovation Competitiveness stream of Ontario’s Regional Development Program.
The announcement was made at a major trade show held annually at the Farnborough International Air Show, southwest of London, UK.
The money is part of a $21.4M investment Cyclone is making in new technologies, including robotic assembly. The project will enable the company to undertake processing work that is currently performed outside of Canada, create 60 new jobs and provide skills enhancement for 100 employees at Cyclone’s four facilities in Mississauga and Milton.
“Cyclone’s partnership with the Government of Ontario comes with a strong commitment from our company to increase employment, advance innovation and remain a global leader in aerospace manufacturing,” said Robert Sochaj, Cyclone’s vice president.
Aerospace is a key component of Ontario’s advanced manufacturing sector. It directly employs more than 21,500 people across more than 200 companies, and an additional 17,200 indirectly.
Ontario’s aerospace industry is the second largest in Canada, representing close to a quarter of all Canadian activity. The province is home to a globally renowned landing-gear cluster, as well as major global aerospace companies.insauga's Editorial Standards and Policies advertising