Ontario invests in aircraft engine manufacturer
April 4, 2011
By Manufacturing AUTOMATION
Ontario is helping a Mississauga aerospace company bring new products to market while creating 80 new jobs and supporting 49 existing jobs.
The province is helping aircraft engine manufacturer Pratt & Whitney Canada (P&WC) invest in new technology, equipment and research and development to increase its innovative and environmental technologies, and diversify its product base, including the development of more electric engine technologies. This will help operators to reduce their fuel consumption and emissions, decreasing the impact of air travel on the environment. New manufacturing processes will also help to reduce waste and increase efficiency.
P&WC is investing $139.2 million in the project, with Ontario providing a grant of $13.9 million. Ontario’s aerospace industry employs 22,000 people and generates annual sales of approximately $6.5 billion.