CED to enable 14 organizations to meet growing aerospace industry needs.
Salaberry-de-Valleyfield – Supporting the aerospace industry, a key component of our economy, is a priority of the Government of Canada. That is why Pascale St Onge, Minister of Sport and Minister responsible for CED, accompanied by Peter Schiefke, Member of Parliament for Vaudreuil-Soulanges, announced a total of $32,571,736 in contributions for 14 businesses and organizations in the Greater Montréal, Cantons de l’Est and Québec‒Chaudière‑Appalaches regions.
This CED assistance, provided under the Aerospace Regional Recovery Initiative (ARRI), will enable the Meloche Group, Laflamme Aero, Balko Technologies, Calogy Solutions, Sonaca Montréal, WatchOut Corp., Abipa Canada, Optima Aero, M1 Composites Technology, Tecnickrome Aéronautique, the DCM Group, Alphacasting, Dynatherm Instrumentation and Montréal International to continue to grow and enhance their competitiveness. Further details on the 14 projects are provided in a related backgrounder.
Aerospace is a pillar of the economy and innovation in Canada. In 2022, this industry contributed nearly $27 billion to the country’s GDP (an increase of $1.8 billion from 2021) and helped create 212,000 highly qualified jobs (an increase of 14,400 jobs from 2021), in addition to generating nearly $18.7 billion in exports. The aerospace sector is indispensable to the economic development of communities and businesses, from coast to coast to coast. The Government of Canada has committed to supporting Canadian businesses working in this industry by helping them adopt sustainable environmental practices and seize opportunities to boost the country’s future growth.
“The aerospace industry is a key driver of the economy and innovation in Canada. That is why the Government of Canada is proud to announce this major support today for 14 organizations in Quebec. This assistance is key to helping the industry stay competitive on the international stage. Without a doubt, the success and spin‑offs of these projects will be felt across Quebec and Canada.” – Pascale St-Onge, Member of Parliament for Brome–Missisquoi, Minister of Sport and Minister responsible for CED