Bains announces $26.7 million investment in space technology

MONTREAL _ Science Minister Navdeep Bains has announced an investment of more than $26.7 million in space technology that will benefit 33 Canadian companies.

Bains says the new money will support 46 projects and create or secure 397 jobs.

He made the announcement today at the Sainte-Anne-de-Bellevue facilities of MDA on the western tip of the island of Montreal.

The minister was also given a tour of three Radarsat satellites being built by the company and that are expected to be launched in November.

Bains indicated a new space strategy would be unveiled in the coming months.

The plan is already at least one year behind schedule.