LONGUEUIL, QUEBEC, January 15, 2021 – Pratt & Whitney Canada - a business unit of Pratt & Whitney, a division of Raytheon Technologies Corp. (NYSE: RTX) - is honoured to have been named the top 2020 investor in Canada’s Aerospace Research & Development sector and the fourth largest R&D investor overall in the country, improving on its fifth place overall ranking the previous year.
“Research and development investment has been a driving force in our company’s growth,” said Maria Della Posta, president of Pratt & Whitney Canada. “We are proud that our continued investments help to push innovation forward, while supporting the Canadian aerospace ecosystem from industry to academia. We are constantly integrating the latest technologies into our engines and services and play a leading role in the development of sustainable propulsion solutions for the future. All of this is made possible by our employees and the billions of dollars we have invested in Canada over recent decades to develop new technologies and put them to work for our customers.”
“Year in and year out, Pratt & Whitney Canada is at the head of the R&D pack in Canada, not only in the aerospace sector, but across all industries. Pratt & Whitney Canada is truly a research leader,” said Ron Freedman, CEO, Research Infosource Inc.
“While 2020 has certainly been a challenging year, we have not wavered from our commitment to wise and judicious R&D investment because our future success and that of our customers and employees depends on it,” said Della Posta. “We also remain ever mindful of the importance of aerospace to the Canadian economy. Our investments in R&D are in the best interests of our company and our customers, our investments also benefit the nation as a whole and contribute towards solidifying its global reputation.”
The products and capabilities born of our R&D efforts have received many prestigious recognitions over the years, including most recently:
- The 2020 Laureate in the Business Aviation – Propulsion category as part of Aviation Week Network’s Annual Laureate Awards for the new PT6E-Series™ engine,
- The same award in 2019 for the PW800 engine,
- The 2017 James C. Floyd Award from the Aerospace Industries Association of Canada (AIAC) for exceptional contributions to Canadian Aerospace innovation and leadership in advanced manufacturing and workforce development.
About Pratt & Whitney
Pratt & Whitney, a unit of Raytheon Technologies (NYSE:RTX) is a world leader in the design, manufacture and service of aircraft and helicopter engines, and auxiliary power units. Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. To learn more about RTX, visit its website at www.rtx.com. To receive press releases and other news directly, please sign up here.
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