(Photo: Marshall Canada)
An aerospace and defence company is expanding into Moncton.
Marshall Canada has secured a long term lease for a land systems production and integration facility.
It is eligible for up to a million dollars from Opportunities NB in the form of a payroll rebate to be disbursed over five years.
This will create around 65 jobs, with an average salary of around $50, 000.
Based on its hiring plans, the company will spend up to $16.25 million in new salaries and benefits in the province over the next five years, meaning up to $6.5 million in direct provincial income tax revenue. The GDP impact of this investment is estimated at more than $22 million.
The facility will be located on English Drive, when it opens early next year. Marshall Canada will take possession in April of 2022.
Key members of the management team for the new site are already in place Recruitment for the core production team is expected to begin later in 2022, with a view to commissioning the facility early in 2023.
The Atlantic Canada Opportunities Agency is also contributing $2 million to support building renovations and the purchase of manufacturing equipment.
Marshall Canada is part of Marshall Aerospace and Defence, which is one of the United Kingdom’s largest privately owned defence businesses. The company employs more than 1,600 people through its operations in the U.K., northern Europe, North America and the United Arab Emirates.
“I am delighted that we have been able to secure a suitable home for our land systems business in New Brunswick, and expect, over the years ahead, that Marshall will become a leading employer in the region, creating a host of high-value employment opportunities, both directly and through our broader supply chain,” said Marshall Canada managing director Sam Michaud.
