Contribution to CAE's next-generation technology helps ensure stable, long-term research investments in Canada
February 27, 2014 – Saint-Laurent, Quebec – Industry Canada
Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec, on behalf of Industry Minister James Moore, announced a $250-million investment in CAE Inc.'s latest project to develop new simulation technology for its next-generation civilian and military aircraft flight simulators. This repayable contribution from the Government of Canada, made through the Strategic Aerospace and Defence Initiative (SADI), will allow CAE to continue making substantial research and development (R&D) investments in its world-leading technology.
Office of the Minister of Industry