Magellan Aerospace getting $8M grant, $9M loan to create new machining centre, support training for students
CBC NewsCameron MacLeanThe Manitoba government is giving $17 million in grants and loans to an aerospace manufacturing company, amid uncertainty over whether its products could be subject to possible U.S. tariffs.
Magellan Aerospace, which has factories in Winnipeg and Stonewall, will receive an $8-million grant and a $9-million loan to be repaid over 12 years, the province said Thursday.
The funding will help Magellan create a new machining centre, test new space products and support collaboration with Red River Coll…
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