Pratt & Whitney logo outside their new engine assembley plant in Mirabel, Que. THE CANADIAN PRESS\/Mario Beauregard <\/p>\n
Ottawa has announced a $300-million investment in Pratt and Whitney Canada to help the company develop and build the next generation of jet engines. <\/p>\n
The government says the money will help support nearly 1,500 jobs over the next five years. <\/p>\n
Industry Minister James Moore and Infrastructure Minister Denis Lebel made the announcement at company facilities in Mississauga, and Longueuil, Que., where much of the work will be done. <\/p>\n
The company says it will invest over $1 billion in research and development over the next four-and-a-half years. <\/p>\n
The Government of Canadas investment enables P&WC to invest over $1 billion overall to pursue its long-standing legacy of innovation and sustain its engineering and manufacturing Centres of Excellence in Alberta, Ontario, Quebec and Nova Scotia, John Saabas, president of Pratt and Whitney, said in a release. <\/p>\n
The contribution by the government is a $300-million repayable contribution through its Strategic Aerospace and Defence Initiative. <\/p>\n
Pratt and Whitney Canada employs 6,000 people in Canada. <\/p>\n
This investment will support over 6,000 high-quality Canadian jobs and countless others across Canada, Moore said. <\/p>\n
The company is building the new geared turbo fan engines that are being used on Bombardiers CSeries aircraft which is undergoing flight tests. <\/p>\n
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Aerospace companys Canadian hubs to get multi-million federal funding: report<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Pratt & Whitney logo outside their new engine assembley plant in Mirabel, Que. Continue reading