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BRIEF-Bombardier To Invest $22 Mln Into 2 Aerospace Research Projects In Québec

Published 2019-02-22, 11:34 a/m
© Reuters.  BRIEF-Bombardier To Invest $22 Mln Into 2 Aerospace Research Projects In Québec
BBDb
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Feb 22 (Reuters) - Bombardier Inc BBDb.TO :

* BOMBARDIER TO INVEST $22 MILLION INTO TWO MAJOR AEROSPACE RESEARCH PROJECTS IN QUÉBEC

* WILL INVEST ABOUT $22 MILLION CAD OVER A 3-YEAR PERIOD INTO TWO MAJOR AEROSPACE RESEARCH PROJECTS: AÉRO21 AND THIRD PHASE OF SA²GE PROJECT

* PLANS TO INVEST $3.6 MILLION CAD IN AILE, WHICH WILL BE MATCHED BY GOVERNMENT OF QUÉBEC

* AÉRO21 IS EXPECTED TO GENERATE $65 MILLION CAD OF INVESTMENTS OVER THREE YEARS

* 24 COMPANIES WILL BE PROVIDING 75% OF FUNDS FOR AÉRO21, INCLUDING $18.75 MILLION CAD FROM CO, & GOVERNMENT OF QUÉBEC TO INVESTING REMAINING 25%

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