Sumitomo Precision Products opened its new production facility for aerospace landing gear in Mississauga. The facility, located in Mississauga, Ontario, will become the company's global headquarters for its aerospace division. Ontario is providing a $3.25 million loan that will support the final assembly project, which has a total value of $10 million.

The company's overall investment in its new Mississauga facility is valued at over $50 million. The company will undertake final assembly for aircraft landing gear and landing gear control systems. The company sources about a third of its landing gear components from Ontario suppliers, and this will grow with the new facility.