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Finance committee We do not have the same colour of hair.
October 6th, 2010Committee meeting
Claude Lajeunesse
Finance committee Mr. Chair, in terms of the F-35 aircraft, I would like to say that I see no reason why history will not repeat itself. The Canadian aerospace industry is the fifth largest in the world. It exports 80% of its annual production. For me, that guarantees both ability and innovation.
October 6th, 2010Committee meeting
Claude Lajeunesse
Finance committee The $12 billion represents contracts that could be done here in Canada. We must remember the advantage of the program: Canadians, Canadian companies and their employees and so on will have access to the entire fleet, which is supposed to be 5,000 aircraft. That means that they will eventually have access to $12 billion from a possible total of about $350 billion.
October 6th, 2010Committee meeting
Claude Lajeunesse
Finance committee It is $12 billion out of about $300 billion.
October 6th, 2010Committee meeting
Claude Lajeunesse
Finance committee They will be competing against others like everyone else. I cannot tell you how it will be distributed. At the moment, I know that we say that about half the industry is in Quebec, but there are also competitors in British Columbia, in the Atlantic provinces, in Ontario and so on.
October 6th, 2010Committee meeting
Claude Lajeunesse
Finance committee The three projects have already been submitted to the government. One is on new, composite materials. It is absolutely essential to develop new materials so that aircraft can be made lighter and stronger, and can provide more safety for the passengers. Another project deals with engine noise reduction.
October 6th, 2010Committee meeting
Claude Lajeunesse
Finance committee Mr. Chair, that is an excellent question. I should have mentioned that the sum is what we are asking the government for. The companies are investing at least the same amount. For example, with the Green Aviation Research and Development Network, the companies are putting in $12 million so that their investment is equal to the government's.
October 6th, 2010Committee meeting
Claude Lajeunesse
Finance committee Minister MacKay and the employees within the Department of National Defence have all advanced that figure as a target that was absolutely reasonable and reachable.
October 6th, 2010Committee meeting
Claude Lajeunesse
Finance committee No. This is not a traditional IRB program. There is no guarantee of that. The only guarantee is the past, as I mentioned. The past is the guarantee of the future, and our company has exported 80% of its wares. It will continue to do that and it will be successful. It is the most innovative in the world.
October 6th, 2010Committee meeting
Claude Lajeunesse