Pratt & Whitney Canada to invest over $1 billion in R&D

Pratt & Whitney Canada Press Release | December 8, 2014

Estimated reading time 2 minutes, 17 seconds.

Pratt & Whitney Canada unveiled its newest engine, the PW800, at the 
National Business Aviation Association convention in October. Mike Reyno Photo
Pratt & Whitney Canada (P&WC) has announced in both its Longueuil, Que., and Mississauga, Ont., facilities that it will invest over $1 billion in research and development (R&D) over the next 4.5 years to develop the next generation of high-performance aircraft engines. The investment includes a $300 million repayable contribution from the Government of Canada under the Strategic Aerospace and Defence Initiative (SADI) program.
“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,” said John Saabas, president, P&WC. “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.”
“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,” said Industry Minister James Moore. “We are proud to support the aerospace industry and will continue to create the right economic conditions for Canadian companies.” 
“This announcement will support jobs and economic growth for Quebecers. Our government is proud to make smart investments that support high-quality jobs across the country,” said the Honourable Denis Lebel, minister of infrastructure, communities and intergovernmental affairs and minister of the Economic Development Agency of Canada for the regions of Quebec.

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