From: Aerospace Industries Association of Canada
Posted: Tuesday, June 13, 2017
The 2017 State of Canada’s Aerospace Industry Report, which was released today by the Aerospace Industries Association of Canada (AIAC) and Innovation, Science and Economic Development Canada (ISED), provides continued proof that the that the aerospace industry is Canada’s most innovative manufacturing sector, leading manufacturers in R&D investment and posting nearly 30% of the sector’s R&D investments in 2016. Canadian aerospace is also strongly integrated into global supply chains and a major player in the international aerospace market.
Key findings in the 2016 State of the Canadian Aerospace Industry report include:
“Innovation has made Canada a global aerospace industry leader and a natural home for aerospace investment,” said the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development. “This report, made in collaboration between the Government of Canada and industry, provides a valuable fact base for understanding the trends and economic contribution of the Canadian aerospace industry. Insights like these help the government implement the Innovation and Skills Plan, which will ensure that Canadians have the right skills for the economy of today and tomorrow.”
“The aerospace industry is the poster-child for innovation leadership in Canada,” said Jim Quick, President and CEO of AIAC. “It is collaborative, globally integrated, and a best-in-class creator of high-value jobs and opportunity for Canadians all across the country. As government implements its plan to foster prosperity for Canada’s middle class through innovative businesses and sectors, the aerospace industry can and will lead the way.”
AIAC is the national association representing Canada’s aerospace manufacturing and services sector. As the world’s fifth-largest aerospace industry, Canada’s aerospace sector contributes nearly $28B to the economy in GDP, exports 80% of its output, and dedicates over 20% of its activity to research and development (R&D). Aerospace is responsible for the employment of 208,000 Canadians.
Senior Director, Communications and Marketing
Aerospace Industries Association of Canada
613 232-4297 x225
// end //