Montréal International and Aéro Montréal Publish the First Profile on the Aerospace Industry
This profile, jointly produced by Montréal International and Aéro Montréal, paints a portrait of Greater Montréal’s aerospace industry. It highlights the cluster’s key performance indicators and major sector players. This publication contains many testimonials from the region’s business leaders, illustrating the dynamism and diversity of the industry.
The profile will be a helpful tool to sustain the business development process of Québec companies during local and international trade missions, in addition to supporting Greater Montréal region’s promotion and prospection for foreign investment.
A Leading Industry
- Over the years, Greater Montréal has established itself as one of the three main aerospace capitals in the world.
- Greater Montréal is home of 98% of Québec’s aerospace activity.
- In Canada, Québec’s aerospace cluster represents approximately:
- 60% of GDP
- 60% of exports
- 55% of sales
- 50% of the workforce
- The Greater Montréal aerospace cluster exports over 80% of its production, thereby making it the province’s leading exporter.
A Specialized Industry
- The Québec aerospace industry employs over 42,000 well-qualified workers in some 212 companies.
- Approximately one in every 92 workers in Greater Montréal is employed in its aerospace industry. Canadian and American ratios are four and three times lower: one in 389 and one in 269 jobs respectively.
- Greater Montréal has a significant network of aerospace-related research organizations, associations and consortia.
A Resilient and Growing Industry
- In spite of the recession and the Canadian dollar’s increased value against its American counterpart, Québec’s aerospace industry’s sales grew by an annual average rate of around 6% between 1990 and 2011.