AIAC congratulates CAE on $1B innovation investmentAugust 8, 2018
Ottawa (Ontario) – Today CAE announced that it will invest $1 billion over five years in innovation projects that will maintain Canada’s simulation and training leadership. The governments of Canada and Quebec will also partner with CAE on Project Digital Intelligence, a digital transformation project to develop next-generation training solutions for aviation, defence and security, and healthcare. The Government of Canada will contribute $150 million to the project through the Strategic Innovation Fund (SIF), and the government of Québec will contribute $47.5 million.
Jim Quick, President & CEO of the Aerospace Industries Association of Canada (AIAC), issued the following statement in response to the announcement:
Canada’s global aerospace leadership is built on a long history of innovation investment and partnering with government to ensure that high-quality jobs and technologies are created across the country. Not only is CAE one of our industry’s great innovators, but they are also a leader in the advancement of green technologies and the creation of a diverse and highly-skilled workforce. This announcement will take those achievements to the next level. I congratulate CAE on this important milestone and their commitment to furthering Canada’s position as one of the world’s foremost aerospace nations. I also thank the governments of Canada and Québec for their support of our industry’s continued growth and leadership both in Canada and around the world.
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 nearly $25B to the economy in GDP, exports 75% of its output, and dedicates over 20% of its activity to research and development (R&D). Aerospace is responsible for the employment of 190,000 Canadians.
Senior Director, Communications and Marketing
Aerospace Industries Association of Canada
613 232-4297 x225