Flight-simulator manufacturer CAE is to receive a C$250 million ($225 million) repayable investment from the Canadian government to support its Project Innovate program to develop new modeling and simulation technologies. Investment in the company’s research and development program, which will continue into 2020, is being made under the federal government’s Strategic Aerospace and Defense Initiative (SADI). CAE received a similar C$250 million repayable investment in March 2009, for ...
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