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Canada Yearns to Bolster its Aerospace and Defence Industry

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Vancouver, British Columbia, Canada --- Two businessmen overlooking aircraft hangar --- Image by © Ocean/Corbis

The Canadian government is keen to balloon its aerospace, defence, and security industries as it expects military procurement to play a major role in the Canadian economy, Minister of Industry James Moore said during a speech at the CANSEC defence show in Ottawa. Moore noted that the Canadian defence sector includes more than 650 firms and contributes CAD9.4Bn (USD7.5 billion) to Canada’s economy each year.

Canada’s efforts to grow the sector – many in response to the 2012 ‘Emerson’ report on bolstering the aerospace industry – include launching the Consortium for Aerospace Research and Innovation in Canada (CARIC): a research network that recently established five regional offices and now has a local presence across Canada.

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