Pratt & Whitney Canada to Invest Over C$360 Million in R&D

LONGUEUIL, QUEBEC --- Pratt & Whitney Canada (P&WC) will invest over $360 million in research and development in the Montreal area over the next three years following the Quebec government's decision to provide the company with reimbursable support for R&D. P&WC is a United Technologies Corp. company.>> Raymond Bachand, Minister of Economic Development, Innovation and Export Trade, and Minister of Tourism announced today that Investissement Quebec will invest $125 million over the same period of time to support P&WC's R&D activities in Longueuil, Quebec. The investment is repayable from royalties on sales.>> "This is terrific news for the company as it will help us strengthen our technology base," said John Saabas, executive vice president of P&WC. "This reimbursable support will help maintain our R&D activities in the Montreal region and will contribute to Quebec's economy.">> P&WC's $360 million R&D investment will be aimed at further improving engine technology required to surpass the world's most stringent environmental standards, while delivering outstanding performance, durability and operating economics.>> P&WC is the No. 1 R&D investor in Canada's aerospace sector. "Our sustained investments in R&D have allowed us to bring more than 65 new engines to market over the past 15 years, a significant accomplishment," added Saabas.>> P&WC's primary research and development centres are located in Longueuil and Mississauga, Ont., which employ approximately 1,500 highly skilled engineers. P&WC is also a leader in collaborating on R&D programs with 20 Canadian universities, research centres and other organizations. With its university partners, P&WC is working on over 300 research projects with 140 professors and researchers to develop new engine technologies for the next generation of environmentally friendly and fuel-efficient aircraft.