Government of Quebec Supports Bell Project

On Friday, February 22, the Minister of Economy and Innovation and Minister Responsible for the Lanaudière Region, Pierre Fitzgibbon, announced that phase 3 of the SA2GE project will encompass four promising projects. Totalling $50M (including $25M in subsidies), phase 3 of the SA2GE project will continue until March 31, 2021.

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The four promising projects of this third phase include:

 

The Propulsion for safe, silent, eco-friendly and efficient urban operations (POUSSÉE) project, led by Bell, which aims to develop technologies that will improve the propulsion power and energy efficiency of vertical-lift vehicles, and at the same time reduce their weight and external noise;

 

The Smart, eco-friendly wing (AILE) project, led by Bombardier, which aims to develop technologies that will integrate new multipurpose wing concepts to business and commercial aircraft so as to optimize aircraft aerodynamics and reduce fuel consumption;

 

The Integrated Modular Avionics for low-impact air navigation (ÉcoNav-3) project, led by CMC Electronics, which aims to develop new navigation technologies that will reduce the ecological footprint of air transport by optimizing flight plans in particular; 

 

The Highly reliable compact photonic modules for airborne communication and navigation systems project, led by SME TeraXion, which aims to develop optical photonic technologies for aircraft systems with a view to replacing larger, heavier systems with greener, high-performance optical circuits.

 

SA2GE’s goal is to develop innovative and game-changing technologies for the future of Quebec’s aerospace sector with a view to mobilizing Quebec’s SMEs, universities and research centres and reducing the sector’s environmental footprint.

About Bell

Thinking above and beyond is what we do. For more than 80 years, we’ve been reimagining the experience of flight – and where it can take us.

We are pioneers. We were the first to break the sound barrier and to certify a commercial helicopter. We were a part of NASA’s first lunar mission and brought advanced tiltrotor systems to market. Today, we’re defining the future of on-demand mobility.

Headquartered in Fort Worth, Texas – as a wholly-owned subsidiary of Textron Inc., – we have strategic locations around the globe. And with nearly one quarter of our workforce having served, helping our military achieve their missions is a passion of ours.

Above all, our breakthrough innovations deliver exceptional experiences to our customers. Efficiently. Reliably. And always, with safety at the forefront.

About Textron

Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, Textron Systems, and TRU Simulation + Training. For more information, visit: www.textron.com.

Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, changes in aircraft delivery schedules or cancellations or deferrals of orders; our ability to keep pace with our competitors in the introduction of new products and upgrades with features and technologies desired by our customers; changes in government regulations or policies on the export and import of our products; volatility in the global economy or changes in worldwide political conditions that adversely impact demand for our products; volatility in interest rates or foreign exchange rates; and risks related to our international business, including establishing and maintaining facilities in locations around the world and relying on joint venture partners, subcontractors, suppliers, representatives, consultants and other business partners in connection with international business, including in emerging market countries.