The Farnborough International Airshow opens its doors on July 14, and Canada will be in the thick of the action once again this year. Canada’s aerospace industry, which is largely concentrated in the Greater Montréal area, is ideally positioned thanks not only to the quality of the companies in its fold and the products they produce, but also because of its status as a major player in the sector.
Canada is home to several world leaders – such as Bombardier Aerospace, Pratt & Whitney Canada, Bell Helicopter Textron Canada, CAE and Aerolia. This key sector of the Canadian and Québec economies comprises more than 700 companies and 170,000 jobs. The aerospace sector has never been so robust – the order book has reached a record 33 months of production according to the Conference Board of Canada.
Aside from these impressive numbers, what sets Canada apart from the rest of the world? First of all, Canada’s aerospace industry is considered the most productive among Organisation for Economic Co-operation and Development (OECD) member countries.
It also ranks third in terms of R&D efforts – 70% of which are carried out in the Greater Montréal region. Along with Toulouse and Seattle, Greater Montréal is one of the three world aerospace hubs.
Due to the presence of international organization headquarters, which are concentrated in Greater Montréal, Canada is a decision-making centre for the aerospace and airport sectors.
The Aéro Montréal cluster, Canadian companies and the governments of Québec and Canada are spreading their wings again and will be in Farnborough to share their expertise and successes!
Learn more about the Aerospace industry in Greater Montréal here: http://www.montrealinternational.com/en/foreign-investments/sectors/aerospace/