TORONTO – Bombardier says it will be pouring millions of dollars into various projects aimed at creating an aerospace hub in the Greater Toronto Area.
The aerospace giant says the funding strengthens its partnership with a local consortium whose primary goal is getting the hub established.
The Downsview Aerospace Innovation and Research Consortium will set up a centre where academic and industry leaders can collaborate.
Bombardier says it will dedicate $1.5 million a year for the next five years toward funding research at that centre.
Get daily National news
The company also plans to spend a total of $5 million towards creating aerospace research centres at Ryerson University and the University of Toronto.
It will also fund a landing gear research project underway at Toronto’s Centennial College and pour millions into boosting operations and refurbishing a key building for the consortium.
- ‘A foreign policy based on short memory’: Carney continues push to diversify from the U.S.
- Oil surges to highest price since 2023 as Iran war chokes Strait of Hormuz
- Canada and Japan sign partnership deal on defence, energy, trade
- LeBlanc says U.S. meeting on CUSMA and trade ‘constructive and substantive’
Comments
Want to discuss? Please read our Commenting Policy first.