MRO Magazine

CAE to invest up to $274 million in R&D training services


Industry

June 22, 2009
By PEM Magazine

Montreal, QC – CAE and the Quebec government announced on June 21st an investment of up to $274 million in a new research and development (R&D) program extending over seven years. The Quebec government will participate through a repayable investment which could reach $100 million and CAE’s share of the program is $174 million. The aim is to leverage CAE’s modelling, simulation and training services expertise into the promising sectors of healthcare, heavy equipment, mining and energy. Investissement Quebec will handle the funding and the follow-up for the Quebec government contribution.