Ontario government announces new aerospace jobs
March 8, 2013 by Manufacturing AUTOMATION
The new Ontario government is helping Sumitomo Precision Products create 50 jobs at its new production facility for aerospace landing gear in Mississauga.
The company will undertake final assembly for aircraft landing gear and landing gear control systems. The Mississauga facility will become the Japanese company’s global headquarters for its aerospace division. Sumitomo already sources about a third of its landing gear components from Ontario suppliers, and this will grow with the new facility.
Ontario is providing a $3.25 million loan in support of the final assembly project, which has a total value of $10 million; this is part of an overall investment by Sumitomo of more $50 million in its new Mississauga facility.
Ontario’s aerospace industry employs approximately 22,000 people and manufactures about 60 per cent of the world’s large commercial landing gear and about 40 per cent of all commercial landing gear.