A $150 million military-sector partnership could bring a dozen jobs to Prince Edward Island.
Airbus Military and Vector Aerospace Engine Services in Summerside announced a new partnership Friday that could secure hundreds of industry jobs in the province.
Airbus Military has put in a bid to replace Canada's fixed-wing search and rescue aircraft. If successful, it could be worth $150 million over the life of the 20-year contract.
Vector Aerospace would provide engine maintenance to Airbus.
Secure jobs long term
Jeff Poirier is the president of Vector Aerospace Engine Services Atlantic.
“We feel that teaming with Airbus Military, they offer the best solutions to the government at this time,” he said.
“It would mean probably ten to twelve jobs and the sustainment of the employment that we already have now. With 430 people in the facility, we have to continue to win additional work to have the security of these jobs long-term.”
Ottawa is expected to award the contract within a year.