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Mannarino awarded largest ever Canadian SME offset investment by Lockheed Martin

The ICCC congratulates its member, Mannarino Systems and Software, a Montreal-based engineering firm that supplies mission-critical equipment to the aerospace and defence sectors, who signed this week an Investment Framework Agreement with Lockheed Martin, a supplier of equipment to the Canadian Forces.

The $10-million investment from Lockheed Martin represents the largest investment ever made by the company into a Canadian SME, and is part of Lockheed Martin’s ITB obligations for the in-service support of the C-130J Super Hercules.

This important and ground-breaking investment will support Mannarino’s efforts to develop proprietary software systems for aircraft, and will result in the creation of more than 20 engineering R&D positions as well as product commercialization positions, all at the Mannarino’s Montreal offices.

The ITB Policy requires winning contractors to invest in Canada at an amount equal to the contract they have won, thus enabling Canadian businesses to grow, innovate and export.

The success of this framework investment is an example of how large international aerospace companies such as Lockheed Martin can collaborate with smaller businesses in Canada to create opportunities for lasting growth in the Canadian economy.”

Charles Bouchard, chief executive of Lockheed Martin Canada