$18.6M federal funding for Mechtronix R&D
Mechtronix Systems will get $18.6 million in repayable funding from the federal government’s Strategic Aerospace and Defence Initiative to enhance R&D capabilities.
Inside a Mechtronix flight-simulation training unit.
MONTREAL: Mechtronix Systems Inc. will get $18.6 million in repayable funding from the federal government’s Strategic Aerospace and Defence Initiative (SADI) to help increase the company’s R&D capabilities.
Mechtronix, a Montreal-based MWC company that designs and manufacturers flight simulation training devices for general, business and commercial aviation, said the funding will be part of its $60-million NOVA project, a five-year R&D initiative to develop new, cutting edge simulator technologies.
“Our global expansion, including in emerging markets, led us to be considered as an established player in the aviation training and simulation market; it is therefore essential that we lead the way by exceeding the current industry standards and providing the latest technology to meet the market’s needs,” said Fernando Petruzziello, CEO and chairman of MWC.
Industry Canada’s SADI program supports strategic industrial research and pre-competitive development projects in the aerospace, defence, space and security industries.