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Bombardier Aerospace Celebrates the Official Launch of CARIC

MONTREAL, QUEBEC -- (Marketwired) -- 04/17/14 -- Bombardier Aerospace today recognized the launch of the Consortium for Aerospace Research and Innovation in Canada (CARIC). An initiative of Industry Canada and the Aerospace Industries Association of Canada (AIAC), CARIC is a national research and technology network that unites stakeholders from industry, universities, colleges and research institutions to advance strategic aerospace technology areas and facilitate collaborative research and development. CARIC was formally launched today on the occasion of the 7th CRIAQ forum - also the 1st CARIC forum - in Montreal, Quebec.

"Bombardier welcomes the launch today of the new Consortium for Aerospace Research and Innovation in Canada," said Francois Caza, Vice President and Chief Engineer, Bombardier Aerospace. "As founding members of CRIAQ, we have been actively engaged in the forging of strong ties between universities, research centers and the industry in Quebec. We are equally committed to the development of the new national network, which will allow us to collaborate with the best researchers from across Canada. This close collaboration of all aerospace players in Canada will contribute greatly to our competitiveness on the global scale."

The establishment of CARIC reflects the recommendations of the Aerospace Review Report, led by the Honourable David Emerson, who conducted a comprehensive review of policies and programs specific to the aerospace sector that was mandated by the Government of Canada in 2011. The model is based upon that of CRIAQ, which was unanimously recognized by the aerospace industry as a best practice for collaborative research in Canada.

About Bombardier

Bombardier is the world's only manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.

Bombardier is headquartered in Montreal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability World and North America Indexes. In the fiscal year ended December 31, 2013, we posted revenues of $18.2 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

Notes to Editors

Follow @Bombardier_Aero on Twitter to receive the latest news and updates from Bombardier Aerospace.

Bombardier and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries.

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