One of the world's largest defence companies is expanding in Nova Scotia.
Lockheed Martin Canada plans to create up to 100 new jobs within the next five years. The province, through Nova Scotia Business Inc., is supporting the company's growth with a payroll rebate to a maximum of $1,829,420.
Premier Rodney MacDonald made the announcement today, April 1, with Murray Scott, Minister of Economic and Rural Development; Tom Digan, president and general manager of Lockheed Martin Canada; and Stephen Lund, president and CEO of Nova Scotia Business Inc.
"The defence and aerospace sector is, and will continue to be, an important part of Nova Scotia's economy," said Premier MacDonald. "Lockheed Martin's growth is further proof of Nova Scotia's reputation as a destination of choice for the world's best companies."
Lockheed Martin has operated in Halifax since the early 1980s and currently employs more than 80 people in its Dartmouth facility. With the support of NSBI's payroll rebate, a performance-based incentive tied to job creation, Lockheed Martin plans to more than double its Nova Scotia workforce. The new positions will range from software engineers to computer systems analysts.
"Lockheed's expansion is great news for the company and for Nova Scotia," said Mr. Scott. "World-class employers like Lockheed are creating exciting new career opportunities for educated and skilled people in our province."
Lockheed Martin's expansion project will upgrade the Canadian Naval command and control systems on Halifax-class frigates. The frigates are primarily used for coastal patrol and surveillance.
"Nova Scotia is a tremendous place to do business," said Mr. Digan. "First and foremost, it has a workforce that is not only highly skilled, but also highly motivated to support the men and women of the Navy and the work they do on behalf of Canadians. For Lockheed Martin Canada, an expansion in Halifax simply makes sense."
Lockheed will also establish a Technology Collaboration Centre in Nova Scotia. The centre will enable local small businesses, agencies, and academics to test their technologies for future commercial opportunities.
"Despite a worldwide economic slowdown, great companies like Lockheed are growing, and they're doing it right here in Nova Scotia," said Mr. Lund.
Lockheed Martin Canada Inc. is a diversified global enterprise engaged in the research, design, manufacture, integration and life cycle support of advanced technology products. Lockheed Martin develops and delivers innovative systems for civil, naval, airborne and land operations in Canada and around the world. Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 146,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.
Nova Scotia Business Inc. is Nova Scotia's private-sector-led business development agency. NSBI is the investment attraction arm of the province and helps businesses in Nova Scotia meet growth potential through advisory services, trade development, financing and venture capital.