ARCHIVED—Strategic Aerospace and Defence Initiative (SADI) Repayment Status Report, November 1, 2011

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November 1, 2011

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: 24
  • Projects in the R&D phase (repayments are not yet due): 23
  • Projects in the repayment phase: 1
  • Total disbursements to date: $253.2 million
  • Total cumulative repayments collected to date: $32,973

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 ($)		 Repayments ($)

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. The total authorized assistance for all SADI projects is $824 million.


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.


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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 A
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. * 5,679,683 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 32,973
23-Dec-2010 Thales Canada Inc. 12,988,800 A
22-Mar-2011 Ultra Electronics TCS Inc. 32,447,400 A