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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (22704)	10/12/2016 8:52:11 AM
From: Goose94	Read Replies (1) of 203026

Bombardier (BBD.B-T) and a consortium of other companies and academic institutions are to receive up to $54-million from the federal government to develop "the next generation of aircraft technologies. The gift comes as Ottawa continues to mull a major investment in Bombardier's new single-aisle C Series jet. The funding, under the Technology Demonstration Program, will help develop state-of-the-art electric systems and advanced aerodynamic systems aimed at making aircraft more energy efficient, quieter and more reliable. The University of Montreal's Polytechnique school is one of the consortium members. Bombardier has also been seeking a major investment by Ottawa in its troubled C Series jet program, which is two years late to market and more than $2-billion (U.S.) over budget. The federal Liberals, however, reportedly want changes to Bombardier's dual-class share structure, which entrenches the founding families. "We're currently engaged with the company," said Innovation Minister Navdeep Bains, who presided over the funding ceremony in Montreal. "We're at the table with them," he told reporters Tuesday.

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