PRESS RELEASES

PRESS RELEASES

Posted on Jun 21, 2018

21 June 2018

Today the Aerospace Industries Association of Canada (AIAC) and the Department of Innovation, Science and Economic Development (ISED) released their joint 2018 report on the state of Canada’s aerospace industry.

The report’s findings clearly show that aerospace remains one of Canada’s most important manufacturing sectors, creating high-quality jobs, technologies and global trading relationships that are essential to our nation’s future prosperity and growth.  The report’s key findings include:

In 2017, aerospace contributed nearly $25 billion in GDP and almost 190,000 jobs to the Canadian economy. While the five-year trend continues to show overall positive growth, the last two years have indicated a slight decline.

Aerospace’s share of STEM workers is 3 times the national manufacturing average. Women make up nearly a quarter of all STEM-related aerospace jobs in Canada.

Canadian aerospace is the national leader in innovation and R&D investment, spending $1.7 billion in 2017. The aerospace industry accounts for 24% of total manufacturing sector R&D investments (although it makes up only 5% of Canada’s total manufacturing GDP) and is 7 times more R&D intensive than the manufacturing sector average.

Canadian aerospace maintains its position as a global leader in several niche segments:

  • 1st in civil flight simulation
  • 3rd in civil aircraft simulation
  • 3rd in civil engine production

The global supply chain continues to increase in importance to Canada’s aerospace exports, growing nearly 50% in the past 15 years.
“This report is a prime example of a productive partnership between our government and industry,” said the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development. “I was pleased to see the strong growth in the number of women working in STEM positions in the sector. This is the type of inclusive growth we are committed to support.”

Jim Quick, AIAC’s president and CEO, thanked the government for continued support and partnership in the creation of the report. “Today’s report reinforces the influential role Canadian aerospace firms play in strengthening Canada’s economy, workforce and innovation achievements. It also highlights the fact that free and open trade, strong economic policies, and a commitment to investing in mature innovative sectors are essential to the industry’s continued growth.”

Acknowledging recent decline in the aerospace industry, Quick suggested that efforts should focus on finding ways to ensure that Canada can attract and retain investment in the sector he describes as "essential to innovation and the future of our economy." He says that AIAC will continue to work with its members and the government "to ensure that our long history of creating prosperity and opportunity for Canadians across the country continues for years to come.”

For more information, read the report here:
https://aiac.us1.list-manage.com/track/click?u=9c510eb24dfd6454875249ccc&id=6627e535ad&e=ae98786049

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