Organization: Strategic Aerospace Defence Initiative

SADI invests $7.7 million in Asco Aerospace

The Strategic Aerospace Defence Initiative (SADI) is providing Asco Aerospace Canada Ltd with $7.7 million in support of a $19.2-million project to reduce production times and costs for the manufacture of specialized aircraft components. A subsidiary of ASCO Industries, Zavente Belgium, the Delta BC-based firm will use the funding to enhance the manufacturing process for…

SADI makes first investment in Diamond D-Jet Corp

Diamond D-Jet Corp, London ON, has received $19.6 million from the Strategic Aerospace Defence Initiative (SADI), the first award announced under the recently created program (R$, April 10/97 & February 8/08). The repayable investment supports a $95.2-million R&D project which began in 2003 to develop a new class of small very light jets (VLJ) for…