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CMC Investing $149 Million in Avionics R&D

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Esterline CMC Electronics (CMC) recently said it would invest $149.4 million in research and development over the next five years following the Canadian government decision to support an initiative to develop an industry-leading commercial avionics and communications platform through a repayable investment for R&D. "By undertaking the FronTier R&D initiative, CMC will continue its focus on innovation, knowledge and know-how and develop products and systems which will meet and exceed aircraft operators' requirements," Jean-Pierre Mortreux, president and CEO of CMC…

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