Amid global competition and geopolitical pressures, the challenges and opportunities facing the sector are becoming more urgent and interconnected.
Canada’s aerospace and defence industries now need clarity, coordination and execution to be a true partner for government and delivering on the commitments laid out in the budget.
The new Defence Investment Agency should be complemented by a clear defence industrial strategy and true collaboration.
If Canada wants to remain competitive in this strategic field, we need smart, supportive public policy.
Already contributing to $27-billion in GDP in 2022, Canada’s aerospace industry has the potential to be a major engine of the economy.
An industrial aerospace strategy for Canada will allow us to capitalize on projected demand, providing a clear flight path for growth, attracting talent, fostering innovation, and stimulating investment.
Without a comprehensive strategy for the aerospace sector, we will continue to undermine Canada’s progress and global competitiveness, and see our place in the global aerospace ecosystem continue to erode.
All of Canada’s competitor countries have industrial strategies in place that provide clear guidelines to direct and develop their respective aerospace industries.
Canada faces a growing array of ambitious andwell-funded competitor countries all vying to be aerospace leaders in the global arena.
