Minister welcomes half billion pound Bombardier investment
Economy Minister Arlene Foster has welcomed Bombardier Aerospace's half billion pound investment in Northern Ireland, which will sustain over 800 jobs.
Following the decision by Bombardier to formally launch the company's new CSeries family of aircraft, the Minister said: "This is the largest ever single investment in Northern Ireland by any company.
"It is a tribute to Bombardier Belfast, with its culture of innovation, strong skills base and high quality production methods, that it has been selected to design and manufacture the wings for the CSeries. Undoubtedly, the expertise in advanced design and innovative composite materials which Bombardier has developed in Belfast has been instrumental to today's decision.
"Securing this long-term investment is the culmination of several years work by Ministers and Invest Northern Ireland. It is the largest single project secured by Invest NI. The investment will see Bombardier Aerospace, Belfast further strengthen its globally recognised reputation for innovation and quality in aviation design and manufacturing."
Bombardier Aerospace will invest £519.4m in Belfast to support the design and manufacture of the wings for the 110 - 130 seat CSeries family of aircraft. In addition, the company is currently bidding for a further work package for the nacelles which could increase the total investment to £563.2m.
The Minister continued "The CSeries is a twenty year project, with the potential to sustain over 1,100 jobs at the company's local operation over the peak production period. Participation in the programme will further enhance the standing of the Northern Ireland aerospace sector as a whole and will offer significant opportunities for the UK and local supply chain over the lifetime of the Project.
The Minister concluded: "I would also like to acknowledge the crucial role of my predecessor and current Finance Minister, Nigel Dodds, in helping to secure this major investment for Northern Ireland. Minister Dodds recognises the importance of the aerospace sector to the local economy as a whole and has worked hard to ensure that Belfast was the most attractive proposition for Bombardier."