Government funding announced for aerospace and defence sector industry associations

The funding announcement, hosted at the Bombardier Aerospace headquarters in Dorval, is part of the federal government’s Global Opportunities for Associations (GOA) program, which this year will provide significant funding to 38 national associations to help them undertake international business activities that will help grow these sectors globally.“Canada’s world-class aerospace and defence sectors are key drivers of our economy, contributing billions to our GDP and employing more than 100,000 Canadians,” said Minister Fast. This year’s funding recipients within the aerospace and defence sectors are the Aerospace Industries Association of Canada, the Air Transport Association of Canada, the Canadian Business Aviation Association and the Canadian Association of Defence and Security Industries.“The aerospace industry is predominately export-driven, with more than 80 percent of all Canadian aerospace revenues derived from international markets, supporting over 80,000 jobs across Canada,” said Jim Quick, President and CEO of the Aerospace Industries Association of Canada. “This funding will help our association respond to international challenges associated with an increasingly competitive global marketplace and help to ensure the continued success of Canada’s aerospace sector—the fifth-largest in the world—by contributing to maintaining and enhancing its market share.”“The Canadian Business Aviation Association is pleased with Minister Fast’s GOA announcement of funding within the aerospace sector,” said Sam Barone, President and CEO of the Canadian Business Aviation Association. “These targeted government partnerships and commitments ensure that strategic industries and economic enablers, such as the Canadian aerospace sector, help increase innovation and skilled job creation.”