ESTERLINE CMC ELECTRONICS to launch the FronTier™ R&D initiative
(Ville Saint-Laurent, Quebec - January 13, 2009) - Esterline CMC Electronics (CMC) will invest $149.4 million in research and development over the next five years following the Canadian government decision to support this initiative through a repayable investment for R&D.
The Honourable Tony Clement, Minister of Industry, and the Honourable Christian Paradis, Minister of Public Works and Government Services, announced today that ITO-SADI will invest $52.3 million over the same period in support of CMC FronTier™ R&D initiative.
CMC’s $149.4 million in R&D investment will aim at innovative technologies for commercial integrated cockpit and communication system destined for Business Jets as well as Helicopters and Air Transport aircraft. FronTier™ will help position CMC as a major player in the field of avionics integration.
“By undertaking the FronTier™ R&D initiative, CMC will continue its focus on innovation, knowledge and knowhow and develop products and systems which will meet and exceed aircraft operators requirements”, said Jean-Pierre Mortreux, President and CEO of CMC. “We will be aiming at reducing cost of ownership, improving safety, increasing capacity and reducing environmental impact of aircraft”.
CMC Electronics ( www.cmcelectronics.ca ) designs and produces leading technology electronics products for the aviation and global positioning markets. CMC’s focus is on delivering innovative cockpit systems integration and avionics solutions to its customers worldwide. Its principal locations are in Montreal, Quebec; Ottawa, Ontario; and Chicago, Illinois. CMC is a wholly owned subsidiary of Esterline Corporation (NYSE:ESL, www.esterline.com ), a specialized aerospace and defense company headquartered in Bellevue, Washington. Esterline employs over 9,000 people worldwide.
Contact
Gérald Charland
Vice President – Strategy and Business Development
CMC Electronics
Tél. : 514-748-3070
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Daniel Guertin
Manager – Government Affairs
CMC Electronics
Tél. : 514-748-3062
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