Bell Helicopter To Invest $726 Million In Factory

[BaldEagle]

Feb. 23, 2005. 01:00 AM

 

Bell Helicopter to invest $726 million in factory

 

MONTREAL—Bell Helicopter Textron Canada Ltd. will spend $725.6 million — a third of it from taxpayers — to upgrade its Montreal-area factory to build a new line of commercial helicopters.

 

2005.02.23 - Toronto Star - Bell Helicopter to invest $726 million in factory

 

2005.02.22 - Toronto Star - Bell Helicopter to upgrade Mirabel plant

[widgeon]

I read it this morning , did it say the money will protect 600 jobs at Mirabel and later there were 1,400 people employed there, would hate to be in one of the 800 unprotected jobs . :shock:

 

"Jacques St-Laurent, president of Bell Helicopter Canada, said the arrangement with the governments "is a clear indication of the strength and importance of our aerospace industry - a true gem that must be safeguarded."

 

Bell Helicopter's Mirabel plant employs about 1,400 people""

 

"From national post article linked on rotorhub

[BaldEagle]

I read it this morning , did it say the money will protect 600 jobs at Mirabel and later there were 1,400 people employed there, would hate to be in one of the 800 unprotected jobs.

"

<{POST_SNAPBACK}>

I didnt hear anything about layoffs. What I get from the article is that if the factory was not upgraded there would be the need to let go 600 that might get protected with this investment, but I might be wrong...

[RDM]

Ok........and those ***holes in Quebec and Ontario have the balls to cry foul when Newfoundland signs the Atlantic Acord.

 

. What gives, you have aerospace/avaition somewhere in your company profile and happen to be set up in La Provine and the Feds throw money at you like your starving.

 

Love this country but something is terribly wrong.........oh wait, we only have 435,000 votes here on the rock....dohhh

 

up yours Paul

[407 Driver]

How many plants for commercial helicopters does Bell need? I recall an article last Fall that Bell was going to move the 407 line to India if their Military signed a deal for 407's....? ?

[407 too]

if what happened to Ferrari cars is an example, no thanks

 

 

http://oak.cats.ohiou.edu/~mt127800/Formula1.pps

[Elvis]

if what happened to Ferrari cars is an example, no thanks

http://oak.cats.ohiou.edu/~mt127800/Formula1.pps

<{POST_SNAPBACK}>

 

 

:up: :up:

[BaldEagle]

  I recall an article last Fall that Bell was going to move the 407 line to India if their Military signed a deal for 407's....? ?

<{POST_SNAPBACK}>

Everybody is looking to cut expenses and increase profits. In Europe the biggest makers of household appliances is ELECTROLUX from Sweden. In some article they were saying that in Hungary salaries are one tenth of those of Sweden and in the Far East the difference is even bigger.

The government of Hungary promised to buy Swedish jet fighters if Electrolux would move the factories to their country...

 

Just read the following article about the move of 10 factories to low salary countries...

 

http://news.bbc.co.uk/1/hi/business/4268689.stm

 

http://news.bbc.co.uk/1/hi/business/2584007.stm

[Elvis]

I wonder if the 2.7 billion $ for transport helicopters announced in todays budget is a coincidence. ( the article does not say how much of the 2.7B is for helicopters)

 

 

http://www.canada.com/finance/rrsp/budget_...58-6e061b8a3ad3

 

 

 

 

:elvis: :shock:

[cap]

Maggie -----we're a Socialist country and government must be part of almost everything....good or bad.....you know that. Banks won't even get involved in a big project in this country unless they know some kind of government agency is backing some of the other loans involved.