Grants and Contributions:
Title:
228454
Agreement Number:
228454
Agreement Value:
$7,500,000.00
Agreement Date:
Mar 3, 2026 - Sep 30, 2027
Description:
Develop a new missionized aircraft solution to offer enhanced surveillance capabilities
Organization:
Atlantic Canada Opportunities Agency
Expected Results:
To achieve one or more of the following departmental results, i) Businesses are innovative and growing in Atlantic Canada, ii) Businesses invest in the development and commercialization of innovative technologies in Atlantic Canada; and iii) Communities are economically diversified in Atlantic Canada.
Location:
St. John's, Newfoundland & Labrador, CA A1A 5B5
Reference Number:
276-2025-2026-Q4-00172
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
891791840
Recipient Type:
For-profit organization
Additional Information:
The assistance type is Conditionally Repayable Contribution.
Recipient's Operating Name:
PAL Aerospace Ltd.
Recipient's Legal Name:
PAL Aerospace Ltd.
Program:
REGI-BSP-Regional Defence Investment Initiative (RDII)
Program Purpose:
To invest in and support businesses at various stages of development, including high-growth firms to accelerate their growth and assist them in scaling up, enhance their productivity and competitiveness in both domestic and global markets.