The Québec government has just launched a new strategy to promote the province’s aerospace industry—one of the most creative and competitive in the world—to foreign investors.
“Québec is home to more than 200 world-class aerospace companies—integrators, equipment manufacturers, suppliers, and prime contractors—that provide jobs for more than 40,000 people in the province,” said Québec premier Philippe Couillard. “Our strategy includes concrete measures and powerful tools for industry stakeholders.”
Québec wishes to attract more prime contractors and first- and second-tier suppliers. Investissement Québec will contribute to the development efforts, which are expected to bring in private investment of more than $825 million over the next five years. It will also support large-scale investment projects through a variety of funds and programs.
With $15.5 billion in annual sales, Québec’s aerospace industry is a prominent player on the world stage. Greater Montréal stands among the top three aerospace hubs, together with Seattle and Toulouse.
Known for its skilled labour, advanced training and customized financial products, Québec has attracted many highly regarded aerospace firms. Four leading prime contractors—Bombardier Aerospace, Bell Helicopter Textron, CAE, and Pratt & Whitney—and some dozen first-tier suppliers such as Héroux-Devtek, Rolls-Royce, and Thales Avionics have made it their home. Québec also boasts many second- and third-tier suppliers and a wealth of small businesses. This industry cluster is responsible for roughly 70% of the R&D, more than 50% of sales, and 50% of the jobs in Canada’s aerospace industry.
For more about Québec’s aerospace industry