Ontario continues to support aerospace innovation in Mississauga by partnering with Mississauga-based Cyclone Manufacturing to invest in new technology and expand its Mississauga facilities, creating 132 new jobs and retaining 554 positions.
Cyclone Manufacturing makes precision components for the aerospace industry, with services including machining, sheet metal fabrication, tube bending/welding, assembly and final processing and finishing.
Ontario is providing a grant of up to $5.19 million through the Jobs and Prosperity Fund, which supports an additional investment of $59.69 million from Cyclone and other sources, for a total project value of $64.88 million. With this support, the company is enhancing its Computer Numerical Control (CNC) production capabilities, investing in new equipment and setting up new process lines to bring work in-house that is currently outsourced. It is adding 80,000 square feet in new production space, plus the longer-term addition of a new facility. These investments will boost Cyclone’s competitiveness through greater innovation, reduced costs, better energy efficiency and shorter lead times.
Ontario’s aerospace industry is a major part of the province’s advanced manufacturing sector accounting for over 21,000 direct jobs. Over half of the world’s top 25 aerospace companies have operations in the province and Ontario-based manufacturers are part of the supply chain for virtually every passenger aircraft in the world.
Mississauga’s aerospace sector continues to spur growth and innovation due to its extraordinary environment, business community and exceptional talent. This integrated and expanding sector allows for sharing of resources and ongoing opportunities for convergence and synergies for further innovation. Mississauga’s aerospace cluster is comprised of airlines, aerospace manufacturing, airport services and support services for aerospace manufacturers. Together they create the number one aerospace cluster in Canada.
To learn more about Mississauga’s aerospace sector, click here
To read the full Ontario newsroom story, click here.