Montreal-based CAE will receive $190 million in federal funding and $150 million from the province to develop its flight simulators and health-care training technology. Bell Textron Canada, a subsidiary of Providence-headquartered Textron, is set to get $200 million from Ottawa and $75 million from Quebec for more environmentally friendly helicopters. And Pratt & Whitney Canada, a division of Waltham, Mass.-based Raytheon, will get $49 million and $20.5 million, respectively, from the federal and provincial governments to develop hybrid electric aircraft engines. Ottawa’s financing comes from the Strategic Innovation Fund (SIF), and Quebec’s consists of loans from Investissement Québec. (The Logic)

Talking point: The pandemic-induced grounding of passenger flights has hit aircraft and parts manufacturers hard. Exports dropped from $3.84 billion in the second quarter of 2019 to $1.81 billion in the same period this year. Aerospace is also a major focus of the industrial emissions-reduction efforts in Ottawa’s climate plan, with a $1.75-billion carve-out in the SIF’s new $8-billion Net Zero Accelerator. Lobby groups have previously criticized the federal government for not presenting a specific strategy to grow the sector; the Liberals rolled an aerospace-specific program into SIF along with auto funds in the 2017 federal budget. On Thursday, the government also opened applications for the small-supplier $250-million Aerospace Regional Recovery Initiative, announced in April’s budget.