De Havilland Getting up to $2.5B in Federal Financing to Ramp up Production
The federal government has pledged up to $2.5 billion in financing for Canadair water bomber maker De Havilland Canada in a bid to ramp up production of the iconic firefighting aircraft. The money will allow for a second assembly line in Alberta, the Finance Department said. And it will provide the means to double production
TL;DR
- Federal government pledges up to $2.5 billion in financing for De Havilland Canada.
- Funding aims to increase production of Canadair water bombers.
- A second assembly line will be established in Alberta.
- Production capacity is expected to double to 20 water-scooping planes annually.
- Investment will also support new staff and production in Victoria, Calgary, and Ontario.