# FSI receives FedDev Ontario investment for aerospace production line

Formula Solutions Inc (FSI) received a C$3.1 million repayable contribution from FedDev Ontario to purchase new equipment and add an automated production line, creating 70 jobs in Burlington.

- Type: Expansion
- Announced: 2020-11-09
- Where: Burlington, Ontario, Canada
- Value: $2.30M (3.10M CAD)
- Jobs: 70
- Status: announced
- Capacity: 10,000 complex aircraft components per year
- Products: complex aircraft components
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Formula Solutions Inc](https://endata.com/companies/51057.md)
- [FedDev Ontario](https://endata.com/companies/9912.md) (investor)

## Sources

- [airport-technology.com](https://www.airport-technology.com/news/canada-aerospace-investment-burlington/), 2020-11-08: "Advanced manufacturing supports well-paying jobs in communities across Canada while producing the quality goods that the world needs."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.