BROMONT, Que. (CP) -- GE Canada will create 80 jobs and preserve 545 existing positions by investing $63.5 million over six years to diversify its aircraft parts business in Bromont, Que.
Quebec Premier Jean Charest announced the province will provide a loan for up to $13.3 million.
He said the government is helping to increase the competitiveness of the province's aerospace industry, which is ranked sixth in the world.
The investment in new technology will allow the aviation facility to manufacture new aircraft engines components, such as fan blades and low-pressure turbine blades for the next generation of aircraft engines.
GE Canada president Elyse Allan said investments in new technology are essential for the company to remain competitive.
Parts manufactured in Bromont, in the Eastern Townships, are used for commercial and military aircraft engines, including the CFM56 and GEnx.
The CFM56 engines are used on single-aisle Boeing 737 and Airbus 320s. The GEnx is the next generation engine for the Boeing 787 and Boeing 747-800, which are scheduled to enter service this year.
GE is a diversified company whose operations include engines, power generation, financial services, medical imaging and television programming.
It employs 300,000 people and operates in more than 100 countries.
In Canada, GE has several major manufacturing facilities, more than 150 sales and service locations and more than 8,500 employees.