‘It’s a big investment’: Ottawa announces major investment in Atlantic Canada’s aerospace sector - BNN Bloomberg
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Article Excerpt
SUMMERSIDE, P.E.I. - Ottawa has announced its biggest investment yet in P.E.I.’s aerospace sector, part of a broader push to strengthen Canada’s defence strategy and build more of the country’s industrial capacity at home.
The federal government is committing $55.7 million to MDS Coating Technologies, a P.E.I.-based company, which Industry Minister Melanie Joly said is “leading the world” in its field. The province is matching that with another $55 million, with the combined funding supporting new advanced manufacturing equipment, a 50,000-square-foot expansion and up to 120 new skilled jobs,…
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Jun 8, 2026