Minister Bains announces repayable program contributions for Bombardier to foster Canadian innovation and strengthen the aerospace sector

February 7, 2017 – Dorval, Quebec – Innovation, Science and Economic Development Canada

The Government of Canada is committed to keeping Canada at the forefront of global leadership in the aerospace sector. The aerospace industry is one of the most innovative industries in Canada, and it provides over 211,000 quality jobs for Canadians and $28 billion annually in GDP to Canada's economy.

That is why, today, the Government of Canada announced that it will provide $372.5 million in repayable contributions to Bombardier Inc. This funding will be provided over four years and will support thousands of good middle-class jobs, strengthen the long-term competitiveness of Bombardier and help to build the aircraft of the future.

Through its collaboration with Bombardier, the Government of Canada is investing in thousands of Canadians and hundreds of suppliers across the country. As the nation's largest aerospace company, Bombardier supports thousands of jobs in design, engineering and manufacturing through its nation-wide supply chain of companies.

This initiative by the Government of Canada will fund research and development for the new Global 7000 business jet and ongoing activities related to the development of the company's C Series aircraft.

The Government of Canada has a long-standing relationship with Bombardier, Canada's biggest private sector investor in research and development activities. These activities strengthen the skills and knowledge of Canadians working in the aerospace sector, and they lead to new manufacturing platforms that position Canadians working in the sector for the jobs of tomorrow. The resulting benefits enable Canada to maintain a competitive position in the global supply chain that forms the aerospace sector.