A rewarding mission for the Québec economy
Investissement Québec President and CEO Pierre Gabriel Côté was with Dominique Anglade, Deputy Premier, Minister of Economy, Science and Innovation and Minister responsible for Digital Strategy, at the recent Farnborough International Airshow. As the largest commercial event in the industry, the Farnborough airshow is attended by all the major aerospace manufacturers. Again this year it set the stage for several economic announcements that attested to the vitality of Québec companies and the industry’s strategic importance for the province.
While Côté was in England, the London firm Behavox announced that it would be opening an R&D centre in Montréal this summer. A leader in the field of artificial intelligence applied to data analytics, Behavox hopes to tap into the incredible talent found in Québec’s largest city. By the time the centre is operating at full capacity, the Montréal office is expected to employ some 200 people.
“We welcome Behavox’s decision to open an R&D centre on Québec soil. This move is a testament to the strength and expertise of Montréal’s artificial intelligence ecosystem. AI is a growing industry in this city, and the wealth of our talent pool makes it fertile ground for any company interested in investing here. We are proud to have helped showcase the advantages of choosing Montréal for this key actor in the organizational AI sector,” stated Côté.
Esterline CMC Electronics
Montréal-based Esterline CMC Electronics announced a major digital transformation project evaluated at $24.4 million. Specialized in manufacturing electronic devices for use in navigation, the company received $11.5 million in government assistance through Investissement Québec for its project, which will consolidate nearly a hundred high-quality jobs.
Safran Landing Systems Canada
In Mirabel, Safran Landing Systems Canada announced a $11.8 million investment in support of its Factory 4 Future initiative, which will see the company make the move to Industry 4.0 and carry out a substantial retrofit of its plant. The Québec government made a $2 million contribution to the project through Investissement Québec.
Group SNE and Drakkar
Groupe SNE, a global industrial and technical services company based in France, announced an agreement with the Québec-based logistical services provider Drakkar to establish a joint business venture in Montréal focusing on logistics and technical services. The new business is expected to create roughly a hundred new jobs over the next three years.
Finally, Héroux-Devtek, a pillar of the Québec aerospace industry, took advantage of the Farnborough airshow to announce a number of prestigious new contracts, in particular for the manufacture of landing gear for Boeing’s upcoming F18 aircraft and the renewal of its contract to build landing gear for Lockheed’s C-130J Super Hercules.
The Investissement Québec delegation accompanying Côté to London included Paul Buron, the Corporation’s Executive Vice-President, Government Mandates and Programs Management, and our London and Paris office representatives, Zoubida Abdelkader and Charles Jolicoeur.
We invite you to consult the section Industries - Aerospace