November 24, 2014
Ottawa investing $300M in Pratt and Whitney to help jet engine development
MISSISSAUGA, Ont. – Pratt and Whitney Canada announced a plan Monday to spend $1 billion — including $300 million from the federal government — over the next four and a half years to develop new aircraft engines.
Ottawa said its investment in the aerospace company will help support nearly 1,500 jobs over the next five years.