CIBC Pledges $500,000 for Military Employment Transition Program
Canada Company welcomed CIBC as a Founding Partner of its Military Employment Transition (MET) Program following its generous donation of $500,000. As the first financial institution to directly contribute to the program, CIBC will support Canada Company's innovative web-based platform which provides education, tools and on-line services that connect veteran-friendly employers from across Canada with transitioning military members and Veterans looking for jobs.
"CIBC has been an incredible leader and partner in supporting Canada Company's programs since our founding in 2006," said Blake Goldring, Chairman and Chief Executive Officer of AGF Management Limited, and Founder and Chairman of Canada Company. "I am extremely proud of the growth and influence our MET team is having across Canada, and the great strides being taken by CIBC and other community leaders to bring Canada to the forefront as a leading 'Veteran Friendly' nation. It's been promising that CIBC is the first in a select group of leading Canadian companies that are committing funding, and we will continue to make major funding announcements as founding partners come on board."
The Canada Company MET program has challenged Canada's private sector to assist military members and Veterans with their transition to civilian life, and has assembled a coalition of employer partners working towards finding employment for 10,000 Veterans by 2023. Known as the 10,000 Jobs Coalition, the employer partners recently released its results for the first and second quarter of the year, announcing that its Coalition members have hired a total of 292 Canadian Armed Forces (CAF) members and Veterans in the first six months of 2014. In addition to CIBC, Canada Company is working with several other corporations and hopes to announce more founding partners with unique support for the MET program over the next several months.
CIBC is among a small group of national corporations committed to ensuring the long-term sustainability of the MET program. CIBC was also the first and a catalyst leader in supporting the Canada Company Scholarship Fund with a commitment of $1 million to help the children of Canadian Armed Forces members, who died while on a military mission, obtain post-secondary school education. The fund provides $4,000 per year, for up to four years, to support the post-secondary education for children who qualify.
IMP Aerospace Delivers 100th CP-140 Aurora
IMP Aerospace delivered the 100th CP-140 Aurora Third Level Inspection and Repair Program (TLIR) aircraft to the RCAF following a brief ceremony at its Halifax Stanfield International Airport operation in September. The Aurora aircraft is a multi-role, long-range patrol air asset, capable of supporting Canada's Land, Sea and Air Forces throughout the world and maintaining surveillance of all three coasts and littoral waters.
The Aurora fleet entered service in 1981 and began maintenance inductions at IMP Aerospace in 1984. The Aurora fleet is now in its sixth TLIR cycle. IMP Aerospace is incrementally modernizing and completing a life extension program replacing the wings and horizontal stabilizers, as well as installing state-of-the-art navigation and flight instruments, communications and mission systems to permit the aircraft to operate effectively beyond year 2030.
IMP Aerospace has over 50 years of InService Support (ISS) engineering and maintenance experience supporting a number of Department of National Defence aircraft with over 1,800 technical staff in locations across Canada. IMP Aerospace is one of only two Lockheed Martin Authorized P-3 Service Centers in the world.