The New Brunswick government is giving aerospace giant CAE a forgivable loan of up to $500,000 to create 45 jobs in Fredericton.
The employees will develop high-tech courseware to fulfil $15 million in contracts awarded to CAE by the federal government and Lockheed Martin Corp., for training on the Super Hercules aircraft and Chinook helicopter.
CAE is a world leader in simulation technologies and training solutions for civil aviation and defence forces and currently employs more than 7,000 people.
The Canadian company already has employees at nearby Canadian Forces Base Gagetown.
Premier Shawn Graham says CAE will be an important anchor company as the province looks to attract more aerospace business.
CAE President Marc Parent says he hopes to be able to expand the company’s presence in Fredericton in coming years.
Filed Under: Aerospace + defense