IMP Aerospace Components, a division of IMP Group Ltd., is celebrating a new contract with the world's leading manufacturer of private and business aircraft. IMP Aerospace Components in Amherst will produce flight control components (flaps and ailerons) for Cessna's new CJ-4 corporate jet.
As a result, the company will be expanding and creating new jobs at its Amherst facility, with help from the province through Nova Scotia Business Inc. (NSBI). IMP Aerospace Components has signed a payroll rebate set at a maximum of $3,082,380 during the next five years.
Premier Rodney MacDonald made the announcement today, July 19, in Amherst along with Justice Minister Murray Scott, on behalf of Economic Development Minister Richard Hurlburt; and Stephen Lund, president and CEO of NSBI.
"Nova Scotia companies such as IMP Aerospace Components invest in our communities, retain highly skilled people and create new opportunities," said Premier MacDonald. "The province is proud to assist global, growth oriented companies like IMP Aerospace Components."
With the payroll rebate investment and other new contracts under development, IMP Aerospace Components projects it could create up to 325 new full-time jobs in Amherst during the next five years.
"Today's announcement highlights Nova Scotia's commitment to the defence and aerospace industry," said Mr. Scott. "And IMP Aerospace Components is providing more opportunities for Nova Scotians to live and work in highly skilled, well-paying jobs in the province."
The industry employs about 6,000 people in Nova Scotia and generates more than $600-million in revenues annually. The new jobs that IMP Aerospace Components will create include some of the highest-paying jobs in the area.
"We have secured several long-term contracts over the last two years and already created more than 100 new jobs," said David Pearson, vice president and general manager of IMP Aerospace Components. "With the addition of Cessna to our customer list, I am very confident the organization's future has never looked so good."
"To see a world-leading manufacturer like Cessna choose Nova Scotia's IMP Aerospace Components to fulfill its contract says something," said Mr. Lund. "NSBI is proud to support a strong Nova Scotia company that is successfully competing on the world stage."
IMP Group Ltd. is a privately held diversified group of companies with more than 3,500 employees worldwide. The IMP corporate portfolio includes companies in a wide range of commercial and industrial sectors including; aerospace, aviation, marine, airline, medical, and real estate. IMP has a solid international reputation and a long association with the Nova Scotia aerospace and defence industry. The company employs more than 3,500 people worldwide, including 2,000 in the province of 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 businesses in Nova Scotia meet growth potential through advisory services, export development, financing and venture capital.