Government of Canada Invests in Aviation and Aerospace Sectors
Ottawa, ON – The Government of Canada announced today a significant investment in the aviation and aerospace sectors. The investment will support research and development, innovation, and skills development in these important industries.
The investment includes $95 million over five years for the Aerospace Technology Demonstration Program (ATDP). The ATDP provides funding to Canadian companies to develop and demonstrate new aerospace technologies.
The investment also includes $25 million over five years for the Canadian Aviation and Space Institute (CASI). CASI is a not-for-profit organization that provides research and development, innovation, and skills development support to the Canadian aviation and space sectors.
The Government of Canada is committed to supporting the growth and competitiveness of the aviation and aerospace sectors in Canada. These sectors are important contributors to the Canadian economy, and they play a vital role in our national defence and security.
Quotes
“The Government of Canada is proud to invest in the future of the aviation and aerospace sectors in Canada,” said the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development. “These investments will help our companies develop new technologies, innovate, and create jobs.”
“The Aerospace Technology Demonstration Program is a key part of our government’s strategy to support the growth of the Canadian aerospace sector,” said the Honourable Marc Garneau, Minister of Transport. “This program provides funding to Canadian companies to develop and demonstrate new aerospace technologies that will help them compete in the global marketplace.”
“The Canadian Aviation and Space Institute is playing a vital role in supporting the growth of the Canadian aviation and space sectors,” said the Honourable Kirsty Duncan, Minister of Science. “This investment will help CASI continue to provide research and development, innovation, and skills development support to our companies.”
Quick Facts
- The aviation and aerospace sectors in Canada employ over 185,000 people.
- The aviation and aerospace sectors contribute over $30 billion to the Canadian economy.
- The Aerospace Technology Demonstration Program has provided funding to over 100 Canadian companies.
- The Canadian Aviation and Space Institute has over 600 members, including companies, universities, research institutions, and government agencies.
Associated Links
- Aerospace Technology Demonstration Program
- Canadian Aviation and Space Institute
- Government of Canada invests in aviation and aerospace sectors
Government of Canada invests in aviation and aerospace sectors
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