Boeing anchors new $415M ‘innovation zone’ in Montreal area

  • 📰 SooToday
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 85%

Technology Technology Headlines News

Technology Technology Latest News,Technology Technology Headlines

MONTREAL — Boeing Co. is expanding its sizeable footprint in Canada, becoming the anchor tenant of a new innovation centrein the Montreal area.

At an annual aerospace conference in the city Tuesday, the plane maker announced contributions of $240 million to the aero hub, bolstering its presence in a country where it counts more than 500 suppliers.

The commitment makes up a big slice of the $330 million in investments from more than a dozen companies for the zone, centred around three hubs in the suburbs of Longueuil and Mirabel as well as the Montreal borough of Saint-Laurent. Quebec Premier François Legault says the government will inject an additional $85 million in funding to help launch the aerospace hot spot, with drones and decarbonization as key areas of research and commercialization.

Elements of the innovation hub — the fourth one announced by the Legault government — include a new development centre, aircraft research and training programs. Despite the pledge by Boeing, the company continues to generate anxiety among some Canadian airlines due to production delays set off by the midflight blowout of a door plug in January.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in TECHNOLOGY

Technology Technology Latest News, Technology Technology Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Boeing anchors new $415M ‘innovation zone’ in Montreal areaMONTREAL — Boeing Co. is expanding its sizeable footprint in Canada, becoming the anchor tenant of a new innovation centrein the Montreal area. At an annual ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Frank Shrontz, Boeing CEO During Era of Innovation, Dies at 92Frank Shrontz, who spent a decade leading US aviation giant Boeing Co. through upswings and downturns amid fierce competition, has died. He was 92.
Source: BNNBloomberg - 🏆 83. / 50 Read more »