Mr. Speaker, on Friday I was pleased to announce a $1.1 million investment in the Canadian Marconi Company of Kanata through the Technology Partnerships Canada program. The repayable investment will be used by CMC to develop a display control unit for the United States Army's medical evacuation helicopter the Black Hawk.
Not only will this cutting edge technology create 20 new jobs, maintain 15 existing jobs and generate $47 million in export sales, it will also open the door to new opportunities by enabling CMC to become a prominent avionics integrator.
Congratulations to the Canadian Marconi Company and the federal government for proving once again that building partnerships between government and the private sector can only increase Canada's competitiveness in the knowledge based economy.