MISSISSAUGA, ONTARIO, CANADA--(Marketwire - Dec. 13, 2010) - Pratt & Whitney Canada (P&WC) announced today that it will invest more than $1 billion in research and development over the next five years to develop the next generation of high-performance aircraft engines. The investment includes a $300 million repayable contribution from the Government of Canada under the Strategic Aerospace and Defense Initiative (SADI) program. P&WC is a United Technologies Corp. (NYSE: UTX) company.
"This major investment will enable us to sustain our engineering centres of excellence in Ontario and Quebec and reinforce our position as a leader in the global aerospace industry," said John Saabas, President, P&WC. "We are currently recruiting more than......
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