FedDev Ontario invests $3M in Dishon

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By Ted Liu

Federal Economic Development Agency for Southern Ontario (FedDev Ontario) has announced investment of up to $3 million in Dishon Limited, a supplier of complex precision machined components and assemblies for the aerospace industry.

Dishon will receive a FedDev Ontario investment of up to $3 million to expand production at the Vaughan facility and create up to 60 new full-time equivalent jobs – nearly doubling the company’s workforce.

FedDev Ontario investment is leveraging an additional $9 million in other investments, towards a total project cost of $12 million.

“With the support of FedDev Ontario, we will be able to continue our aggressive growth strategy in the global aerospace market and will pursue more complex components and assemblies, generating greater sales and more jobs for Canadians,” said Ilan Dishy, President of Dishon Limited

photo credit: NASA via unsplash