CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

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CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

Boeing to invest $240 million in Québec aerospace innovation

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The investments are part of Boeing’s Industrial and Technological Benefits commitment to Canada for its selection of Boeing’s P-8A Poseidon to fulfill its long-term multi-mission aircraft role. PHOTO courtesy Boeing.

Boeing  plans to invest in several Québec-based enterprises, including a $110 million anchor investment for an Aerospace Development Centre in the new Espace Aéro Innovation Zone.

The investments are part of Boeing’s Industrial and Technological Benefits commitment to Canada for its selection of Boeing’s P-8A Poseidon to fulfill its long-term multi-mission aircraft role.

Boeing’s Québec investments also comprise two planned technology developments, to include Wisk’s Montreal-based engineering center focused on the development of its autonomous, electric, 4-passenger eVTOL air taxi. In addition, Boeing is planning to collaborate in Espace Aéro with Héroux-Devtek on advanced landing gear research.

Recognizing that Espace Aéro seeks to foster a culture of collaboration, with a mission to advance sustainable aerospace in Canada, Boeing is assessing additional projects to locate in Espace Aéro, aligned with the zone’s technology development priorities of decarbonization and autonomy.

“Quebec’s aerospace capabilities are recognized worldwide, and we are excited to partner with the province on new initiatives that will generate cutting-edge technologies, drive economic growth and support decarbonisation of aviation.” said Dr. Brendan Nelson AO, President of Boeing Global. “These investments serve as a testament to Canada’s aviation leadership and exemplify Boeing’s unwavering commitment to the country, where we have been driving innovation and fostering collaboration across the nation for over a century.”

Martin Brassard, President and CEO of Héroux-Devtek, said Boeing’s investment in next-generation landing gear technology with Héroux-Devtek will further enhance Québec’s manufacturing capabilities and access to talent

The Government of Canada announced its decision to acquire the P-8A Poseidon aircraft in November 2023 as part of the Canadian Multi-Mission Aircraft project. Boeing’s investments in Québec build on more than $2 billion in P-8 contracts with Canadian companies to date, contributing jobs, and economic growth across the country. According to an independent study by Ottawa-based Doyletech Corporation, the purchase will generate benefits of nearly 3,000 jobs and $358 million annually in economic output to Canada.

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