Government of Canada invests to accelerate aviation industry's green transformation [Globe and Mail, The (Toronto, Canada)]
RTX Corporation (RTX)
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Source: Globe and Mail, The
OTTAWA, ON Nov. 6, 2024 /CNW/ - As part of its continued commitment to a strong aerospace sector in Canada , the Government of Canada is making investments that will foster innovation and bolster competitiveness in the Canadian aerospace industry and accelerate its green transformation. The aerospace sector is a driving force for innovation and economic growth in Canada , which makes the greening of the industry a crucial part of the transition toward a low-carbon economy. Today, the Honourable François- Philippe Champagne , Minister of Innovation, Science and Industry, announced a contribution of $11.3 million through the Strategic Innovation Fund to support Pratt & Whitney Canada's $34.9 million research and development (R&D) project targeted at maturing next-generation thermal engine technologies. By enabling more efficient performance and reduced emissions for future aircraft propulsion systems, these thermal engine technologies will help the sector move toward its net-zero car
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