AIAC statement in response to federal government R&D support for BombardierFebruary 7, 2017
Ottawa (Ontario), February 7, 2017 – Today the federal government announced that it will provide $372.5 million in repayable research and development (R&D) contributions over four years to Bombardier Inc. in support of Bombardier’s new Global 7000 and CSeries aircraft programs.
Jim Quick, President & CEO of the Aerospace Industries Association of Canada (AIAC), issued the following statement in response to the announcement:
AIAC congratulates Bombardier and the federal government on reaching an agreement that will support Canadian aerospace innovation and competitiveness here at home and around the world. Bombardier is one of the world’s foremost aircraft manufacturers and the number one corporate R&D investor in Canada. Today’s announcement recognizes Bombardier’s important place in Canada’s innovation landscape and will help to support high-quality jobs, technologies and opportunities for many years to come. It also reflects both the significant progress that Bombardier has made in implementing its turnaround plan as well as the important discussions that are taking place with regard to government and industry working together to support Canadian innovation.
As the government develops an Innovation Agenda that will create inclusive, sustainable economic growth for Canada’s middle class, Canadian industry leaders such as Bombardier will have an essential role to play. Canadian aerospace companies invest $1.9 billion in R&D annually, support 211,000 Canadian jobs, and drive over $28 billion into the national economy each year. The government’s commitment today, as well as their vision for a national Innovation Agenda, will help our industry compete on the global stage, creating increased growth, opportunity and prosperity for middle-class Canadians.
AIAC is the national association representing Canada’s aerospace manufacturing and services sector. As the world’s fifth-largest aerospace industry, Canada’s aerospace sector contributes over $28B to the economy in GDP, exports 80% of its output, and dedicates over 20% of its activity to research and development (R&D). Aerospace is responsible for the employment of 211,000 Canadians.
Director of Communications
Aerospace Industries Association of Canada
613 232-4297 x225