OTTAWA, Ontario, January 19, 2007 -- Mike Wallace, Member of Parliament for Burlington, on behalf of the Honourable Maxime Bernier, Minister of Industry, today announced a repayable investment of $8.97 million in a research and development (R&D) project that will foster innovation and economic growth by helping to advance key technologies in the aerospace industry. This $33.5 million project will be undertaken by Goodrich Aerospace Canada Ltd. (Goodrich) of Oakville, Ontario.
"Canada's New Government is committed to encouraging excellence in R&D that will contribute to Canada maintaining a world-class aerospace and defence industry," said Mr. Wallace. "R&D activities undertaken by companies such as Goodrich help them maintain their competitive edge in the industry and advance Canada's technological capacity."
This R&D project will help enhance Goodrich's existing aircraft actuator product line. Actuator systems and subsystems are used in landing gears, flight controls and other aircraft systems to provide precise, robust, and predictable motion control.
"Working with the Government of Canada on this project will enable us to enhance our technological capabilities and expand our product base with more Canadian-value added," said Gerald Conaboy, Director of Government Relations for Goodrich Aerospace Canada. "This investment will support us as we work towards developing products for emerging technological platforms."
This repayable investment is being made through Technology Partnerships Canada, an agency of Industry Canada, using a new model contribution agreement that emphasizes enhanced transparency and accountability.
See backgrounder (link) for further details on this project.
For more information, please contact:
Isabelle Fontaine
Office of the Honourable Maxime Bernier
Minister of Industry
(613) 995-9001
Media Relations
Industry Canada
(613) 943-2502
The news release and other documents are available on the Technology Partnerships Canada Web site at http://tpc.ic.gc.ca.
Backgrounder
Repayable Investment in Aerospace and Defence R&D Project
Canada's New Government is making a repayable investment of $8.97 million in a research and development (R&D) project being undertaken by Goodrich Aerospace Canada Ltd. of Oakville, Ontario, to stimulate economic growth in the aerospace and defence industry.
The main competitive advantage of Canada's aerospace and defence industry is its ongoing commitment to technological development. This investment in R&D technologies is helping to maintain a strong and internationally competitive industry. These new technologies will benefit the economy while contributing to the further development of this vital national industry.
This repayable investment in Goodrich's $33.5 million R&D project will help enhance the company's existing aircraft actuator product line.
Actuator systems and subsystems are used in landing gears, flight controls and other aircraft systems to provide precise, robust, and predictable motion control.
The project will open up new and substantial business possibilities for both landing gear and flight control product lines. It will be reinforced by a key venture into the application of new and emerging advanced materials processing.
Goodrich Aerospace Canada employs about 900 people and is a wholly-owned subsidiary of the Goodrich Corporation of Charlotte, North Carolina. It specializes in landing gear and aircraft flight control systems for civilian aircraft.
This repayable investment is being made through Technology Partnerships Canada, an agency of Industry Canada, using a new model contribution agreement (http://tpc-ptc.ic.gc.ca/epic/internet/intpc-ptc.nsf/en/hb00526e.html) that emphasizes enhanced transparency and accountability.
