Archived — Strategic Aerospace and Defence Initiative (SADI) Repayment Status Report, May 1, 2012

May 1, 2012

The Industrial Technologies Office (ITO) publishes a semi-annual status report to enhance transparency of the Strategic Aerospace and Defence Initiative (SADI), which provides repayable contributions for innovative research and development (R&D) projects in the Canadian aerospace, defence, space and security industries.

SADI projects are long-term (normally up to five years of R&D followed by 15 years of repayments) commencing with an R&D phase, followed by a repayment phase - the period in which a product, or a technology, could generate revenue for the company. In such cases, repayments flow back annually to the program according to the terms and conditions of the company’s contribution agreement.

SADI Program Highlights:

  • Total number of active projects: 23
    • Active projects in the R&D phase (repayments are not yet due): 23
    • Active projects in the repayment phase: 0
  • Total authorized assistance for all projects: $825 million
  • Total disbursements to date: $322.9 million
  • Total cumulative repayments collected to date: $6.2 million

Please refer to the Explanatory Notes at the end of the following table for more information.

SADI Repayment Status Report
Contribution
Date
Company Authorized
Assistance ($)
Net Expenditures ($) Repayments ($)

Explanatory notes:

Contribution Date:
is the date that a company signed its contribution agreement. If a company has more than one project, the date indicated is the earliest contribution agreement signing date.


Company:
is the name of the legal entity which currently has one or more SADI contribution agreements.


Authorized Assistance:
represents the maximum amount contracted at the time of the initial contribution agreement. As the R&D progresses and a project reaches its conclusion the final disbursed amount could be much lower.


Net Expenditures:
represents the total amounts disbursed toward projects that have completed their R&D phase, net of any recoveries.


Repayments:
The SADI program provides repayable contributions as opposed to grants or loans. Repayments are based on the recipient's gross business revenue and usually begin one year after the completion of the SADI project's R&D phase. Repayment periods are normally 15 years after the completion of the project.


A :
Indicates that repayments are not yet due on the company’s project(s).


* :
Indicates that a company has multiple SADI projects - some may still be in the R&D phase with no repayments owing, as well, the net expenditures only include amounts disbursed on projects that have completed their R&D phase.


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22-Feb-2011 AeroMechanical Services Ltd. 1,967,507 A
25-Oct-2010 ASCO Aerospace Canada Ltd. 7,688,288 A
05-Aug-2009 Axys Technologies Inc. 1,836,900 A
08-Oct-2009 BelAir Networks Inc. 9,690,706 3,713,325 6,126,986
30-Mar-2009 CAE Inc. 250,000,000 A
13-Jan-2009 CMC Electronics Inc. 52,287,784 A
25-Aug-2010 D-Ta Systems Inc. 1,790,140 A
10-Jan-2008 Diamond D-Jet Corporation(DDJ) 19,600,000 A
03-Mar-2009 EMS Technologies Canada, Ltd. 8,718,634 A
24-Mar-2010 GMA Cover, ULC 8,646,000 A
02-Sep-2008 Héroux Devtek Inc. 26,964,430 A
27-Aug-2008 Integran Technologies Inc. * 6,079,069 276,284 A
23-Feb-2010 Kongsberg Mesotech Ltd. 4,968,000 A
01-Sep-2008 Magellan Aerospace Limited 43,391,600 A
26-Jul-2010 Mechtronix Systems Inc. (MSI) 18,570,000 A
05-Sep-2008 Norsat International Inc. 5,975,200 A
12-Aug-2009 PCI Geomatics Enterprises Incorporated 7,665,000 A
10-Dec-2010 Pratt & Whitney Canada Corp. 300,000,000 A
27-Mar-2009 SkyWave Mobile Communications Inc. 3,127,200 A
31-Mar-2009 Sputtek Inc. 360,285 26,645 35,971
23-Dec-2010 Thales Canada Inc. 12,988,800 A
22-Mar-2011 Ultra Electronics TCS Inc. 32,447,400 A
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