The Globe and Mail reports in its Wednesday edition that Boeing will spend $240-million on initiatives to bolster Quebec aerospace innovation, as the U.S. industrial giant makes good on local investment commitments after winning a sole-source contract from the Canadian government for military surveillance planes last fall. The Globe's Nicolas Van Praet writes that the jet maker said Tuesday it has earmarked $110-million for a new aerospace centre in the Montreal area. The site is expected to conduct research and development in collaboration with local companies and academic institutions. Boeing said it will also invest $95-million to help subsidiary Wisk Aero develop its electric air taxis. It is also pledging $35-million to help landing-gear-maker Héroux-Devtek advance its product research. The feds announced last November it would spend $10.4-billion on a new fleet of Boeing maritime patrol aircraft, a sole-source purchase that will replace Canada's surveillance planes amid rising threats, including in the Arctic. The government signed on for 14 Boeing P-8A Poseidon aircraft, with an option for two more. The first deliveries are expected in 2026. Boeing had committed to investing $5.4-billion in Canada over 10 years.
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