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
The Canadian federal government has committed up to $2.5 billion to support De Havilland Canada’s production of water bombers. This funding is intended to establish a second assembly line in Alberta, which will help double the manufacturer’s capacity to produce firefighting aircraft. The investment will also support new staff and production activities in Victoria, Calgary, and Ontario.
- 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.
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