FARNBOROUGH, United Kingdom, July 24,
2024 /CNW/ - Companies from around the world know
that Canada's aerospace industry
is a global leader in the field. That's why, the Government of
Canada is building the economy of
the future, by creating good-paying jobs for Canadians, supporting
our highly competitive sector and making key investments.
Earlier this week, the Minister of Transport and Quebec
Lieutenant Pablo Rodriguez, and the
Minister of Innovation, Science and Industry, François-Philippe Champagne participated in the 2024
Farnborough International Airshow in the United Kingdom. They met with key industry
players and stakeholders in the aerospace, space and defence
sectors.
Accompanied by a delegation of representatives from more than 30
Canadian companies, the Ministers took the opportunity to promote
Canada as a premier destination
for aerospace investments from around the world and highlight
Canada as a green supplier of
choice as the industry moves towards sustainable aviation and a
greener supply chain.
While in Farnborough, the Ministers met with several industry
leaders, including the CEOs of Airbus, Bell Textron and Boeing
Defense, Space & Security, among others. The Ministers also
took time to meet with the CEOs and representatives of several
Canadian aerospace companies, including De Havilland, Bombardier,
and CAE Inc.
Behind the industry's international leadership in innovation are
the talents of a highly skilled workforce and a commitment by the
Government of Canada to work with
industry to contribute to economic growth and prosperity through
innovation, manufacturing, exports and services.
While at the Farnborough Air Show, Minister Champagne engaged
the industry on an Aerospace Strategy for Canada. As the Government of Canada continues to work on the development of
this Strategy, it will look at important areas raised by industry
leaders at the Farnborough International Airshow, such as workforce
development, sustainable aviation fuel, defence, innovation and
certification. Work will continue with other departments and
engagements on the Strategy are ongoing.
In 2023, the Canadian aerospace industry contributed close to
$29 billion in GDP and 218,000 jobs
to the Canadian economy. Canada
maintained its rank in the top five in civil flight simulators,
civil engines, and civil aircraft sub-segments, underscoring the
Canadian aerospace industry's product range diversification and
ranks first in R&D among all Canadian manufacturing industries,
with R&D expenditures returning to pre-pandemic levels.
Quotes
"Canada is participating in the
Farnborough International Airshow to help Canadian companies find
business opportunities. Not only do they contribute to boosting
massively the Canadian economy, but they make us proud
internationally! Canada has a
highly innovative aerospace industry, and we are proud to promote
Canada as a world-class aerospace
leader."
The Honourable Pablo Rodriguez
Minister of Transport and Quebec Lieutenant
"This year's Farnborough Airshow was a huge success and an
opportunity to showcase why Canada
is a strategic partner of choice for sustainable aviation and the
destination for aerospace businesses to invest, create jobs and
have a role in the development and use of the aircraft of the
future. We will keep working with industry leaders preserving and
strengthening Canada's global
leadership and competitiveness in the aerospace sector."
The Honourable François-Philippe
Champagne
Minister of Innovation, Science and Industry
Quick Facts
- Canada is one of the top
suppliers of aircraft technology, and Canadian-made aerospace parts
are used on almost every passenger aircraft in the world.
- The aerospace industry is one of Canada's leading exporters. In 2023, more than
75% of aerospace manufacturing revenues were export-oriented, and
close to 60% of these revenues were supply chain–related.
- Aerospace invested over $1.2
billion in research and development in 2023, maintaining its
ranking as top R&D spender among all Canadian manufacturing
industries.
- The Farnborough Airshow is a global showcase for the aerospace
industry that attracts over 1200 exhibitors from more than 44
countries.
Associated links
- State of Canada's Aerospace
Industry Report – Summer 2024
- Canada invests $350 million in national sustainable aviation
innovation network
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SOURCE Transport Canada