PEI

Aerospace company wins $1M armed forces deal

Vector Aerospace of Summerside, P.E.I., has been awarded a three-year contract with the Canadian Armed Forces.

Summerside's Vector Aerospace to repair, maintain Twin Otter engines

Vector Aerospace of Summerside, P.E.I., has been awarded a three-year contract with the Canadian Armed Forces.

Vector Aerospace has hired about 50 new employees this year, says the company's president of engine services, Jeff Poirier. (CBC)

The company will receive just over $1 million to repair and maintain engines on CC-138 Twin Otter aircraft.

The aircrafts are used primarily in Northern Canada for transport as well as search and rescue missions.

The contract is good news for the area, said Jeff Poirier, Vector's president of engine services.

"We've actually had a very good year. We've hired about 50 new employees this year, and we're looking to add another dozen more," said Poirier.

Twin Otter aircrafts are used by the Canadian Armed Forces mainly for transport in Northern Canada. (Royal Canadian Air Force)

"A contract award such as this, particularly from a government-funded source like a military contract, is sustainable for long, long years. And it just allows us to continue to divest our corporation."

The government said there's potential for the contract to be extended for up to 10 years, which could increase the value of the contract to $7.9 million.

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