Government of Canada Supports Launch of H55 Canada Inc. to Facilitate Aeronautics Sector’s Green Transition

The Government of Canada is proud to announce its support for the launch of H55 Canada Inc., a new company that will help the Canadian aeronautics sector transition to a greener, more sustainable future. H55 Canada Inc. is a joint venture between H55, a Swiss-based aerospace and defense technology company, and the Canadian government. The company will focus on developing and commercializing advanced propulsion systems and other green technologies for the aviation industry.

H55 Canada Inc. will be based in Ottawa, Ontario, and will be responsible for the research, development, and commercialization of green technologies for the aviation industry. The company will focus on developing electric and hybrid propulsion systems, as well as other green technologies such as advanced materials, lightweight structures, and energy storage solutions. These technologies will help reduce emissions from aircraft, making air travel more sustainable and environmentally friendly.

The Government of Canada is investing $10 million in H55 Canada Inc. to help the company develop and commercialize green technologies for the aviation industry. This investment is part of the Government’s commitment to supporting clean growth and innovation in the Canadian economy. The Government is also providing up to $20 million in repayable contributions to H55 Canada Inc. over the next five years to support its research and development activities.

The Government of Canada is committed to helping the Canadian aeronautics sector transition to a greener, more sustainable future. H55 Canada Inc. is an important part of this effort, and the Government’s investment in the company will help ensure that Canadian businesses remain at the forefront of green technology development in the aviation industry. This investment will help create jobs in the sector, while also helping to reduce emissions from aircraft.

The Government of Canada is proud to support the launch of H55 Canada Inc., and looks forward to seeing the company’s success in helping the Canadian aeronautics sector transition to a greener, more sustainable future.

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