Western Economic Diversification Canada

Western Economic Diversification Canada

May 25, 2016 12:18 ET

Government of Canada Investment to Strengthen Western Canada's Aerospace and Defence Industry

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 25, 2016) - Western Economic Diversification Canada

Today, the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Western Economic Diversification Canada, announced $507,370 in funding to support the Aerospace Industries Association of Canada (AIAC).

WD funding of $75,000 will support the 2016 Aerospace, Defence & Security Expo (ADSE), which is the largest aerospace and defence trade show and exhibition in Western Canada. ADSE brings a significant international presence to the region and provides Canadian businesses with vital networking opportunities with key national and international organizations. Federal funding also supported delivery of ADSE 2015.

The remainder of the project funding has enabled AIAC to establish the Western Canadian presence at a series of international events including the 2015 Paris Air Show, the 2016 Pacific Northwest Aerospace Alliance Annual Conference, the 2016 Singapore Air Show, the 2016 Aerospace and Defence Supplier Summit, as well as the upcoming 2016 Farnborough International Air Show.

These industry events were chosen because of their critical importance to the sector and key target markets. Presence at these events has provided opportunities for western Canadian companies to enter international markets, promote western Canadian aerospace interests and expertise, and increase international sales.

Quick Facts

  • Western Canada plays a dominant role in maintenance, repair and overhaul for the Canadian aerospace industry.
  • Western Canada's aerospace industry is made up of over 400 companies.

Quotes

"The Government of Canada recognizes that the aerospace and defence sector is a key part of our economy. This investment promotes the development and commercialization of technologies that will strengthen Canadian businesses on an international level, as well as create jobs and growth within Western Canada."

- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Western Economic Diversification Canada

"Here in the West, there are many areas that are contributing to the overall strength of the economy. This project is supporting a key sector and will promote a stronger aerospace and defence industry by showcasing Canadian talent to international markets."

- Jati Sidhu, Member of Parliament for Mission - Matsqui - Fraser Canyon

"Through AIAC Pacific we are ensuring Western Canadian companies can compete and succeed in the international marketplace. Support for targeted initiatives such as industry presence at international trade shows are critical to our industry's success as we create highly-skilled, well-paying jobs by attracting new investments and building a presence in new markets. We thank the government for its continued support.

- Jim Quick, AIAC President and CEO

Additional Links

- Innovation, Science and Economic Development Canada - Industrial and Technological Benefits

- Western Economic Diversification Canada - Building Capacity for Defence Procurement Opportunities

- Aerospace Industries Association of Canada

WD is online at www.wd-deo.gc.ca.

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The West Means Business.

IF THERE IS A DISCREPANCY BETWEEN ANY PRINTED VERSION AND THE ELECTRONIC VERSION OF THIS NEWS RELEASE, THE ELECTRONIC VERSION WILL PREVAIL.

Contact Information

  • Ben Stanford
    Regional Communications Manager
    Western Economic Diversification Canada
    604-666-3395
    ben.stanford@canada.ca

    Mike Mueller
    Vice President, Operations and Communications
    Aerospace Industries Association of Canada Pacific
    mike.mueller@aiac.ca

    WD Toll-Free Number: 1-888-338-WEST (9378)
    Teletypewriter (TTY): 1-877-303-3388
    Website: WD is online at www.wd-deo.gc.ca.