Canadian Aerospace Industry Recognized as Crucial to Canadian Economy
Nov. 26, 2008 - Ottawa, ON - The Canadian aerospace community is pleased with the Federal Government's commitment to boost the competitiveness of the aerospace industry contained in Prime Minister Harper's Reply to the Speech from the Throne.
The Prime Minister's pledged funding for a number of aerospace programs,
including the Strategic Aerospace and Defense Initiative, measures to support
small and medium-sized enterprises, tax incentives, tariff relief for
equipment investment and increased skills training. These programs will
strengthen Canadian aerospace and bolster its position as a leader in the
highly competitive, global aerospace market with continued innovation and
manufacturing performance. The Canada First Defense Policy to supply the
Canadian Forces with new equipment and technology and the National Science and
Technology Strategy introduces strong economic stimulus to Canadian aerospace
"Our industry has been growing steadily for the past five years and order
books are still full. Although the current economic downturn considerably adds
to the challenges we face as an industry, future global demand – expected to
reach trillions of dollars within 20 years – represents a tremendous
opportunity for the aerospace sector to help Canada weather a weakening in the
global economy" said Dr. Claude Lajeunesse, President and CEO of the Aerospace
Industries Association of Canada (AIAC).
Canada is a recognized aerospace leader and is the fourth largest
aerospace producer in the world. Hundreds of aerospace companies employ
thousands of Canadians nationwide who generate nearly $23 Billion dollars in
annual production, 82 percent of which is destined for export markets.
"To remain innovative and competitive in the future, Canada must invest
in its aerospace industry through the joint effort of government, academia and
labour organizations now," continues Dr. Lajeunesse. "Today's commitment
demonstrates that the Federal Government is willing to make that investment.
We look forward to working with the Ministers Clement, Goodyear, MacKay, Day,
Paradis and other elected officials to grow our industry to its full
AIAC is the national trade association representing Canada's aerospace
manufacturing and services sector. The world's fourth largest aerospace
industry, Canada's aerospace sector generates $23 billion annually and employs
more than 82,000 Canadians. Eighty-two per cent of Canadian aerospace products
are exported. AIAC represents the interests of 400 aerospace companies across