Canadair

From The Space Library

Canadair was an aircraft and defence company in Montreal Quebec established as a division of General Dynamics of New York. Canadair would build a large array of civilian and military aircraft as well as rockets and missiles for the Canadian and US defence establishments. Notable amongst its contracts were the development of the Velvet Glove air-to-air missile, the Sparrow missile, the Lockheed F-104G interceptor, the Black Brant II sounding rocket and the Bomarc-B surface to air interceptor. In 1976 the Canadian government purchased Canadair for $38M from General Dynamics in an attempt to "rationalize the aerospace industry." On the 18th August 1986 after accruing massive losses the government sold it to Bombardier Aerospace for $120M.