De Havilland Canada Announces Agreement and De Havilland Canadair 515 Production Increase

Skip to Content News Archives Economy Defence Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Defence Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Defence Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomeGlobeNewswireThis section is The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire De Havilland Canada Announces Agreement and De Havilland Canadair 515 Production IncreaseAuthor of the article:CALGARY, Alberta, Oct. 30, 2026 (GLOBE NEWSWIRE) — De Havilland Canada (DHC) is pleased to announce that the company has entered into an agreement with the Government of Canada and Export Development Canada (EDC) that will allow the company to double De Havilland Canadair 515 (DHC-515) production.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountCanada and EDC have agreed to provide up to $2.5 billion in financing that will allow DHC to accelerate production and bring additional aircraft slots to market starting in 2030 and ramping up to double the company’s current aircraft production capacity.This advertisement has not loaded yet, but your article continues below.De Havilland Canada will use this financing to hire new staff and invest in additional production capacity across its Canadian sites in Victoria, Calgary, Toronto, Kitchener, and Fort Erie with supply chain jobs being created from Newfoundland to British Columbia.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThis commitment will ensure more waterbombers will be produced sooner, and will create thousands of Canadian jobs, strengthening Canada’s ability to build these essential aircraft.In addition, De Havilland will work with suppliers to the DHC-515 program to accelerate delivery of aircraft components to DHC to facilitate the production of these additional aircraft.It is anticipated that the transaction will be complete by the first quarter of 2027.About De Havilland Aircraft of Canada LimitedDe Havilland Aircraft of Canada Limited (De Havilland Canada) is a cornerstone of Canadian aerospace innovation, proudly designing, building, and supporting aircraft in Canada for the global market. Every aircraft we produce creates high-value jobs, strengthens our national aerospace industry, and contributes to a resilient and growing economy.This advertisement has not loaded yet, but your article continues below.Built in Canada. Made for the world. With a fleet of more than 5,000 aircraft delivered to operators worldwide, De Havilland Canada has earned a global reputation for rugged, reliable performance and exceptional customer support. Our aircraft connect people and places, from the most remote communities to the busiest regional hubs, carrying millions of passengers and critical cargo every year.Built to operate in the toughest environments, De Havilland Canada aircraft are trusted for a wide range of missions, including aerial firefighting, search and rescue, medical evacuation, surveillance, and more. Our near-century-long legacy is driven by a passionate Canadian workforce dedicated to shaping the future of regional and missionized aviation.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.