Grants and Contributions:

Title:

Next Generation Vertical Lift Aircraft and Novel Unmanned Aerial Systems Technologies

Agreement Number:

511678

Agreement Value:

$49,500,000.00

Agreement Date:

Dec 19, 2022 - Mar 29, 2024

Description:

Develop innovative technologies to be integrated into next-generation helicopters, which can fly with or without a crew on board, and fully autonomous aerial system.

Organization:

Innovation, Science and Economic Development Canada

Expected Results:

The collaboration is projected to contribute almost $178 million to Canada’s GDP over the next seven years and strengthen Canada’s position as a world-leading centre for innovation. The collaboration includes 18 industry and academic partners, several small and medium sized businesses, and nine Canadian universities across six provinces in Canada. Bell and its partners are investing more than $125 million in Canada’s aerospace industry through this project.

Location:

Mirabel, Quebec, CA J7J1R4

Reference Number:

230-2022-2023-Q3-002

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

893524918

Recipient Type:

For-profit organization

Additional Information:

The amendment has been completed to extend the project from 2022-12-19 to 2024-03-29. This is a non-repayable contribution.

Amendment Date

Dec 14, 2022

Recipient's Operating Name:

Bell Helicopter Textron / Textron Canada Limited

Recipient's Legal Name:

Bell Textron Canada Limited

Federal Riding Name:

Mirabel

Federal Riding Number:

24048

Program:

Technology Demonstration Program

Program Purpose:

-foster the growth of a competitive, knowledge-based Canadian economy through the implementation of large scale technology demonstration projects stimulating a concentration of technology development in priority areas with significant potential for broad based and long-term economic benefits; and-become the basis for the next-generation of manufacturing, technical capabilities and services in Canada, and generate material economic benefits for Canada in the longer term.

NAICS Code:

336410

Amendments:

See Amendments