N.S. government loans money to Lunenburg aerospace company

Published Friday May 9th, 2008

THE CANADIAN PRESS

LUNENBURG, N.S. - A $1-million provincial loan announced Friday should help Composites Atlantic of Lunenburg bring back some of its laid-off workers.

More than a dozen workers were let go in March because of production delays at U.S. aircraft manufacturer Boeing. Janet Sullivan, an Economic Development spokeswoman, says the money will help the company with its Boeing contract.

Composites Atlantic makes aircraft components and other products at its Lunenburg plant.

It has a contract with Boeing to make composite diagonal braces for the company's 787 Dreamliner aircraft.

Composites Atlantic has almost 430 employees.

The loan will help the company buy new equipment and retool operations.

Please Log In or Register FREE

You are currently not logged into this site. Please log in or register for a FREE ONE Account.

Logged in visitors may comment on articles, enter contests, manage home delivery holds and much more online. Your ONE Account grants you access to features and content across the entire CanadaEast Network of sites.