The Williams Government announced in Budget 2009 a new program to
support the development of Newfoundland and Labrador�s aerospace and
defence industry. I rise today to highlight this program for the benefit
of members of this Honourable House, as well as the province�s business
With an investment of $5 million over two years, the new Aerospace
and Defence Development Fund will facilitate the growth of the industry
in this province by supporting opportunities that will enhance sector
capabilities, build capacity, attract investment and industrial
benefits, and bring new expertise and business activity to Newfoundland
There is a growing network of knowledge-intensive companies and
organizations in our province that are active in a range of unique,
advanced aerospace and defence related activities that extend to global
markets. They are engaged in research and development, and a variety of
products, services and activities, including manufacturing and assembly
of aircraft components; maintenance, repair and overhaul; navigation and
communications systems; aircraft modification; oceans-related defence
technology; and flight training.
Complementing this expertise are other attributes that make the
province attractive from an aerospace and defence standpoint. These
include our strategic location, modern infrastructure including our
airports and ports, R&D capabilities, the development of emerging
technologies in unmanned vehicle systems, as well as available labour
and education and training programs.
The aerospace and defence industry in Newfoundland and Labrador
employs well over a thousand people and generates an estimated $150
million in annual corporate sales and service contracts. Our government
believes in the industry and its potential for further growth. More
funding available to local companies will help leverage additional
capital to build capacity and infrastructure, which will in turn
position the industry to attract other investment and capitalize on its
We will continue to work in close collaboration with sector players
and the Aerospace and Defence Industry Association of Newfoundland and
Labrador. There is already a very strong foundation on which to build,
and I am pleased that government is able to play a role, through the
Aerospace and Defence Development Fund, to position the province for
future growth and success in this area.
Together, we will actively seek out and support new opportunities
that will advance the development of this dynamic industry in
Newfoundland and Labrador.
2009 04 07 1:45 p.m.