The province, through Nova Scotia Business Inc. (NSBI), is supporting the growth with a $691,200 payroll rebate over five years. The investment will support creating up to 30 new jobs over the term of the agreement.
"This investment in Provincial Aerospace further supports the creation of high paying jobs in Nova Scotia's strong defence, security and aerospace sector," said Percy Paris, Minister of Economic and Rural Development and Tourism. "It aligns with the province's jobsHere plan to create good jobs and grow the economy in the oceans technology sector."
The company, headquartered in St. John's, N.L., has more than 900 employees globally with clients in more than 30 countries.
Countries have become increasingly sensitive to sovereignty and security issues, creating greater demand for maritime surveillance. Building on its history of innovation, Provincial Aerospace will continue to offer industry-leading expertise.
"We are proud of our success providing end-to-end maritime surveillance solutions to our clients around the world, and we are excited about the opportunities that lie ahead," said Roger Mombourquette, senior vice-president, special mission operations and training at Provincial Aerospace. "We are able to grow and meet global market opportunities right here in Nova Scotia because we have access to the right infrastructure and skilled workers."
The Enfield facility is the base for training to mission system operators for maritime patrols. Over the past few years, the Enfield facility has worked with military and government clients from around the world.
"NSBI is working with Provincial Aerospace to help the company expand its current operations," said Stephen Lund, president and CEO of NSBI. "This support will help the company compete globally and export its world-class training services."
Provincial Aerospace is a tier 1, fully integrated international aerospace and defence organization with 40 years experience in fixed-wing operations and more than 30 years and 155,000 hours of maritime patrol aircraft mission experience. Provincial Aerospace is a global leader in intelligence, surveillance and reconnaissance, providing highly tailored airborne and maritime surveillance solutions from custom aircraft design and modification, to mission system design and integration, to mission operations, training and support.
Nova Scotia Business Inc. is the province's private-sector-led business development agency. Through trade development, investment attraction, business financing and venture capital, NSBI assists local companies and attracts international companies to Nova Scotia. Follow NSBI online at www.nsbi.ca/connect