Canada has a rapidly growing aerospace and defence industry
Canada is one of the largest Aerospace and Defence Producers in the world. We have more than 400 firms and over 75,000 skilled employees. The Canadian aerospace and defence industry is the fastest growing among leading aerospace nations.
Key Advantages are
- Size ( Table 1)
- Gross sales were $21.3 billion in 2003.
- Canada is a leading advanced technology exporter. More than 77 % of the total output was exported.
- Seamless access to the United States
- More than 85% of exports or $14.1 billion (2003) was sold into the large aerospace market in the U.S.
- R&D;
- Approximately $1 billion (in 2003) was invested in Research and Development.
Source: Aerospace Industries Association of Canada
Table 1: Aerospace Industry
|
Year |
Export Sales
($ billion) |
Employment
('000) |
Total Sales
($ billion) |
|
2000 |
15.6 |
91.5 |
20.3 |
|
2001 |
17.8 |
83.6 |
23.2 |
|
2002 |
16.6 |
78.8 |
21.5 |
|
2003 |
16.2 |
75.0 |
21.3 |
|
Source: Aerospace Industries Association of Canada |