Strategic Aerospace and Defence Initiative (SADI) Repayment Status Report
November 1, 2017
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: $236 million
Please refer to the Explanatory Notes at the end of the following table for more information.
|Net Expenditures ($)||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|
|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|
|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|
|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|
- 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.
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