Montreal, QC – A new research and development organization, called the Strategic Aerospace and Defence Initiative (SADI) has been launched by the federal government. The organization will support strategic R&D in Canada’s aerospace, defence, security and space industries.
“This new initiative strengthens the business case for investment and scientific innovation here at home,” said Don Campbell, chairman of the Aerospace Industries Association of Canada. “Aerospace is a major contributor to wealth and job creation. Government partnerships with industry serve a valuable purpose in stimulating technology development which would not otherwise occur.”
SADI is expected to invest nearly $900 million over the next five years, with funding to reach a maximum of $225 million per year, in support of Canada’s aerospace, defence, security and space industries.