L-3 Communications Canada, an industry-leading defence and aerospace company, is expanding its Halifax operations to create an additional 210 positions for Nova Scotians over the next five years.
Nova Scotia Business Inc. (NSBI) has reached a payroll rebate agreement with L-3 Communications Canada to accelerate the growth of its Halifax operation.
"The province of Nova Scotia is pleased to be a partner in the growth of one of the world's leading defence and aerospace companies, L-3 Communications Canada," said Premier Rodney MacDonald. "The announcement also signals an enhanced aerospace industry in the province, and expanded opportunities for Nova Scotians."
Canadian Defence Review magazine has named L-3 Communications Canada's number one ranked defence company. The company is projected to bring in a substantial amount of new business to Nova Scotia. The company's expansion plan includes targeting growth in the Department of National Defence's Maritime helicopter support; maintenance, repair, and overhaul; electronics manufacturing; and integrated systems for security applications.
"We have seen tremendous growth in Nova Scotia's defence and aerospace industry," said Economic Development Minister Richard Hurlburt. "Targeted support for businesses in these strategic economic growth areas offer significant opportunities for Nova Scotia's future and provides well-paying job options for our youth."
"Nova Scotia has many strategic assets that make it the ideal location to grow our operations," said Anthony Caputo, president of L-3 Communications Canada. "With its skilled workforce, unrivaled infrastructure, competitive costs, and advantageous geographical location, Nova Scotia is uniquely suited to provide all the required conditions for a highly effective operation."
NSBI's payroll rebate is set at a maximum of $2,480,000 over a five-year period. The earned rebate will be invested incrementally as the company achieves its employment goals.
"The defence and aerospace sector is a natural business asset for this province," said Stephen Lund, president and CEO of NSBI. "Nova Scotia's business case for this type of operation is unbeatable. NSBI is pleased to play a role in helping industry-leading companies like L-3 Communications take advantage of these positive conditions, and to gain ground in increasing the number of high-quality career opportunities available in our province."
L-3 Communications Canada is an international defence, aerospace and public security company with a strong focus on military aircraft maintenance, repair and overhaul, navel ship systems, sensors, communications, electronics systems. L-3 Communications Canada is headquartered in Markham, Ont., with six operating divisions across the country employing more than 3,000 high-technology personnel in four provinces (Nova Scotia, Quebec, Ontario and Alberta).
L-3 Communications Canada currently employs 150 people at its location in Enfield, Nova Scotia.
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 companies in Nova Scotia meet their growth potential through business advisory, export development and financial services.