Strategic Aerospace and Defence Initiative (SADI) Repayment Status Report (00951)

Launched in 2007, the Strategic Aerospace and Defence Initiative (SADI) provided repayable contributions for innovative research and development (R&D) projects in the Canadian aerospace, defence, space and security industries. The following is a semi-annual status report on repayments to enhance transparency.

Projects are typically undertaken over a 5-year period with repayments commencing 2 years following the (R&D) phase. Repayments can be unconditional or based on the recipient's gross business revenues, and will generally span over a 15-year period. Repayments collected to date are on track and consistent with the early stage of repayments under SADI.

SADI Program Highlights:

  • Total number of active projects: 33
  • Projects in the R&D phase (repayments are not yet due): 17
  • Projects in the repayment phase: 16
  • Total authorized assistance for all projects: $1.59 billion
  • Total disbursements to date: $1.25 billion
  • Total cumulative repayments collected to date: $236 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 ($)
A: indicates that repayments are not yet due on the company's project.
26-Jul-10 2154331 CANADA INC 18,570,000 5,518,889 0
25-Oct-10 ASCO Aerospace Canada Ltd. 7,688,288   A
21-Apr-14 Avcorp Industries Inc. 3,651,354   A
5-Aug-09 Axys Technologies Inc. 1,836,900 1,836,900 113,136
29-Jul-13 Axys Technologies Inc. 2,000,000   A
8-Oct-09 BelAir Networks Inc. 9,690,706 3,713,325 6,126,986
24-Mar-17 Bombardier Inc. 252,500,00   A
30-Mar-09 CAE Inc. 250,000,000 250,000,000 33,750,000
27-Feb-14 CAE Inc. 250,000,000   A
13-Jan-09 CMC Electronics Inc. 52,287,784 52,287,784 11,206,936
10-Jan-08 Diamond D-Jet Corporation(DDJ) 19,600,000 17,640,001 713,130
07-Jan-14 Dominis Engineering Ltd. 544,500 A
25-Aug-10 D-Ta Systems Inc. 1,790,140 1,788,756 126,286
28-Jan-16 Edgewater Computer Systems, Inc. 2,733,300 A
3-Mar-09 EMS Technologies Canada, Ltd. 8,718,634 8,718,634 6,893,439
6-Dec-12 Engineering Services Inc. 778,800 627,130 940,695
22-Feb-11 FLYHT Aerospace Solutions Ltd. 1,967,507 1,967,507 340,694
28-Sep-12 GasTOPS Ltd. 1,275,700 1,275,700 63,785
2-Sep-08 Héroux-Devtek Inc. 26,964,430 26,964,430 4,910,011
21-Feb-13 Héroux-Devtek Inc. 48,957,693   A
27-Aug-08 Integran Technologies Inc. 4,596,000 4,596,000 74,067
24-Mar-10 Integran Technologies Inc. 276,284 276,284 45,816
24-Mar-10 Integran Technologies Inc. 807,399 807,399 26,235
15-Mar-12 Integran Technologies Inc. 399,386 399,386 12,977
02-Dec-14 KDM Analytics Inc. 1,500,042   A
23-Feb-10 Kongsberg Mesotech Ltd. 4,968,000 4,968,000 A
29-Mar-16 Leading Edge Geomatics Ltd 486,471   A
1-Sep-08 Magellan Aerospace Limited 43,391,600   A
30-Oct-12 NGRAIN (Canada) Corporation 9,500,000 5,619,147 0
5-Sep-08 Norsat International Inc. 5,975,200 5,975,200 355,520
28-Mar-13 Norsat International Inc. 13,270,265   A
12-Aug-09 PCI Geomatics Enterprises Incorporated 7,665,000 7,665,000 A
10-Dec-10 Pratt & Whitney Canada Corp. 300,000,000 300,000,000 138,789,500
08-Dec-14 Pratt & Whitney Canada Corp. 87,851,852   27,398,500
27-Mar-09 SkyWave Mobile Communications Inc. 3,127,200 3,127,200 4,221,720
31-Mar-09 Sputtek Inc. 360,285 26,645 35,971
23-Dec-10 Thales Canada Inc. 12,988,800 9,982,478 955,333
30-Aug-13 Ultra Electronics Maritime Systems Inc. 8,231,222   A
22-Mar-11 Ultra Electronics TCS Inc. 32,447,400   A
09-Feb-17 UrtheCast Corp. 17,559,200   A
19-Mar-15 Wescam Inc. 75,011,600   A

Explanatory notes:

  • Contribution Date: is the date that a company signed its contribution agreement.
  • Company: is the name of the legal entity which currently has a SADI contribution agreement.
  • Authorized Assistance: represents the maximum amount contracted at the time of the initial contribution agreement, or the contribution agreement's latest amended assistance amount. As the R&D progresses and a project reaches its conclusion, the final disbursed amount could be much lower.
  • Net Expenditures: represents the final amounts disbursed toward projects that have completed their R&D phase. Amounts are not provided until completion of the R&D phase to protect commercial confidentiality.
  • Repayments: The SADI program provides repayable contributions as opposed to grants or loans. Repayments are based on the recipient's gross business revenue or are unconditional, and usually begin 2 years after the completion of the SADI project's R&D phase. Repayment periods are normally 15 years after the completion of the project.