The Atlantic Canada Opportunities Agency (ACOA) is investing $3 million in a new Atlantic Aerospace and Defence Association (ACADA) to promote the sector’s capabilities and develop value-added activities, with an emphasis on small- and medium-sized enterprises in Atlantic Canada. ACADA represents nearly 200 aerospace, defence, security and marine companies with a focus on supply chain management, workforce development, career promotion and commercialization. ACADA’s inaugural CEO is Richard Billard and ACOA’s funding is sourced from its Business Development Program.