Pratt & Whitney Canada to Invest an Additional $250 Million
Pratt & Whitney
Canada (PWC) will invest an additional $250 million in research and
development over the next three years, in the Montreal area,
following the Quebec government's decision to provide the company
with reimbursable support for R&D.
Premier of Quebec Mr. Jean Charest and Quebec's Minister of
Economic Development, Innovation and Export, Mr. Claude Bechard,
announced today an investment of $75 million to support P&WC's
R&D activities. The investment will be provided and monitored
by Investissement Quebec and is repayable from royalties on
"I want to thank the Quebec government on behalf of our 5,000
employees in Quebec, our 1,000 suppliers in Quebec, the hundreds of
students and the thousands of Quebec citizens who benefit from the
positive spin-offs generated by our company," said Alain M.
Bellemare, President of P&WC. "This reimbursable support,
combined with our sustained activities in R&D, will further
help to maintain high quality aerospace jobs in the Montreal
P&WC's additional $250 million R&D investment will be
aimed at design validation and integration, as well as improving
engine performance, reducing weight, reducing the environmental
impacts of both the engine and the manufacturing processes and
reducing the cost of ownership.
P&WC invests an
average $350 million each year in R&D and is the No. 1 R&D
investor in Canada's aerospace sector. Since 1996, P&WC's
investments, combined with reimbursable support from the government
of Canada, lead to R&D programs totalling $3 billion. These
major R&D investments have impacted positively our facilities
in Quebec, Ontario, Nova Scotia and Alberta.
"P&WC has a long legacy of innovation, which has allowed us
to achieve numerous technological breakthroughs and become a leader
in the highly competitive global aerospace market," noted Mr.
Bellemare. "We have certified 45 new engines in the past decade, a
benchmark in our industry, and have more than 20 exciting new
engine programs currently under way. All of these initiatives
generate significant benefits for Canada's aerospace sector and the
economy as a whole."
P&WC's primary research and development centres are located
in Longueuil and Mississauga, Ont., which employ over 1,500