VILLE SAINT-LAURENT, QC, Jan. 13 /CNW Telbec/ - Esterline CMC Electronics
(CMC) will invest $149.4 million in research and development over the next
five years following the Canadian government decision to support this
initiative through a repayable investment for R&D.
The Honourable Tony Clement, Minister of Industry, and the Honourable
Christian Paradis, Minister of Public Works and Government Services, announced
today that ITO-SADI will invest $52.3 million over the same period in support
of CMC FronTier(TM) R&D initiative.
CMC's $149.4 million in R&D investment will aim at innovative
technologies for commercial integrated cockpit and communication system
destined for Business Jets as well as Helicopters and Air Transport aircraft.
FronTier(TM) will help position CMC as a major player in the field of avionics
"By undertaking the FronTier(TM) R&D initiative, CMC will continue its
focus on innovation, knowledge and knowhow and develop products and systems
which will meet and exceed aircraft operators requirements", said Jean-Pierre
Mortreux, President and CEO of CMC. "We will be aiming at reducing cost of
ownership, improving safety, increasing capacity and reducing environmental
impact of aircraft".
CMC Electronics (www.cmcelectronics.ca) designs and produces leading
technology electronics products for the aviation and global positioning
markets. CMC's focus is on delivering innovative cockpit systems integration
and avionics solutions to its customers worldwide. Its principal locations are
in Montreal, Quebec; Ottawa, Ontario; and Chicago, Illinois. CMC is a wholly
owned subsidiary of Esterline Corporation (NYSE: ESL, www.esterline.com), a
specialized aerospace and defense company headquartered in Bellevue,
Washington. Esterline employs over 9,000 people worldwide.
For further information:
For further information: Gérald Charland, Vice President - Strategy and
Business Development, CMC Electronics, (514) 748-3070,
Gerald.firstname.lastname@example.org; Daniel Guertin, Manager - Government
Affairs, CMC Electronics, (514) 748-3062, Daniel.email@example.com