RAMPF Composite Solutions has received $2.3m from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) to foster the sustainable economic growth of Ontario’s aerospace sector.
Larry Fitzgerald, CEO of RAMPF Composite Solutions, commented: “We are very grateful to FedDev Ontario for this investment in the future of our company and our world-class employees. It will allow us to win more business in our existing markets and take advantage of new exciting markets such as urban air mobility, unmanned aerial vehicles, and electric aircraft. At the same time, we will reduce our environmental footprint and create a minimum of 15 additional new jobs in Burlington.”
The international RAMPF Group based in Grafenberg, Germany, which RAMPF Composite Solutions is part of, has announced that it will match the $2.3 million investment by FedDev Ontario over the next two years. With a total investment sum of $4.6 million, RAMPF Composite Solutions is pursuing three main objectives:
Mr Fitzgerald added: “By investing in automation and digitization, we will position RAMPF Composite Solutions to win new business as airframe manufacturers are increasing production rates and looking to develop new aerospace solutions that take advantage of lightweight composites. We are also proud that this investment will enable a future with less CO2 emissions – by designing and manufacturing lightweight composite components and structures, we are accelerating a reduction in fuel consumption today and creating solutions for hybrid and electric transportation in the future.”
