Pratt & Whitney announces huge R&D investment in Canada
Pratt & Whitney Canada announced it will invest more than $1 billion in research and development at its Mississauga (Ontario) and Longueuil (Quebec) facilities over the next four-and-a-half years.
The investment includes a repayable contribution of $300 million from the Government of Canada under the SADI (Strategic Aerospace and Defence Initiative) program.
The facilities are to develop the next generation of high-performance aircraft engines. Pratt & Whitney says it is developing advanced propulsion technologies which will reduce fuel consumption, lower emissions, and cut noise levels.
John Saabas, President of Pratt & Whitney Canada (P&WC), said:
“The Government of Canada’s 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.”
“The Government of Canada’s continued commitment to the aerospace industry will help support high-quality job opportunities for the next generation of skilled workers in Canada and allow P&WC to continue to be an innovative leader in the industry.”
John Saabas, President of Pratt & Whitney Canada.
Minister of Industry, James Moore, said:
“Our government’s top priorities are the economy, and supporting jobs and opportunities for Canadian families through innovation. This investment will support over 6,000 high-quality Canadian jobs and countless others across Canada. We are proud to support the aerospace industry and will continue to create the right economic conditions for Canadian companies.”
P&WC is building the new geared turbo fan engines used by Bombardier’s C-Series airplanes which are currently undergoing flight tests.