News Feed: Aerospace
Aerospace Investment News – provided by ShiftCentral
2014-02-03 - Global aircraft maker Airbus Helicopters is expanding its manufacturing plant in Fort Erie, Ont., adding 40 jobs to its production line. The Fort Erie plant already manufactures composite parts for several of the company's helicopter models. Its 235 employees make doors, cargo pods, cowlings and stabilizers and other components. Overall Airbus has about 1,700 employees across Canada. Its helicopter component plant in Fort Erie is the largest employer in the town and one of the largest in the Niagara region. The company said more than half of the new helicopters built for non-military use in Canada over the past decade are made by Airbus.
2013-12-02 - The New Hampshire Aerospace and Defense Export Consortium signed an agreement with Aero Montreal that lays the foundation for collaboration between Granite State businesses and the aerospace clusters. Aero Montreal President Suzanne Benoit said the collaboration will provide major opportunities for Quebec's aerospace industry by encouraging trade and fostering partnerships between the two aerospace sectors. The agreement establishes preferred relations between the two organizations and encourages collaboration on such topics as training, research, joint trade missions and supplier development initiatives.
2013-11-25 - Ontario skilled labor force includes a deep pool of manufacturing specialists who know aerospace. Japanese landing-gear manufacturer Sumitomo decided to establish its $50 million global aero division head office in Mississauga. A number of factors contributed to the decision to establish the company in the Toronto area. Among them was the growth potential Sumitomo gained from being part of the Ontario aero cluster. Cost is another big factor; Ontario's comparatively low business-operating costs have caught the attention of many companies. According to KPMG's Competitive Alternatives 2012, the average costs for operating an aircraft parts manufacturing operation in Canada are lower than the average in any G7 country.
2013-10-28 - Pratt & Whitney Canada will invest $275 million over five years to upgrade its facilities and create a World-Class Centre of Excellence for Intelligent Manufacturing in Longueuil, Quebec. The center will include three production lines featuring cutting-edge equipment and technology.
2013-10-09 - Montreal-based international flight training specialist CAE has won $140 million in new military contracts, including options. CAE's U.S. subsidiary has an $85-million share of the orders. The contracts cover aircrew training, simulator upgrades and maintenance services for the U.S. KC-135 refuelling tanker program, a full helicopter simulator for an undisclosed client, and upgrading of Tornado fighter simulation for the German Air Force.
2013-04-23 -Boeing Winnipeg will expand its Murray Park site by more than 22% to house new composites work for its 737 MAX airplane. The site will be used to to construct the one-piece composite acoustic inner barrel for the aircraft`s engine nacelle inlet.
Three European aerospace engineering and design companies are setting up or expanding their presence in Montreal, creating nearly 200 jobs over three years. German company PFW plans to move its Seattle-based aerospace tube and duct systems business to Montreal, while Austrian firm FACC Solutions, which specializes in the manufacture of composite components on aircraft, will open an engineering office to complement its existing work on business aircraft interiors. LGM of France plans to invest more than $2 million over three years to develop its business in Canada. The company specializes in risk management and testing in the aerospace and railway industries. The companies said they were attracted to the city because of the availability of trained workers and their ability to work with large locally based manufacturing companies such as Bombardier.
2013-02-27 -Boeing and the University of British Columbia will partner to research new discoveries in composite manufacturing into practical applications under a new partnership. Boeing is the founding industrial member of UBC's Composites Research Network.
2013-01-29 -Thales opened the Defence and Security Centre in Innovation Park at Queen's University in Kingston, Ontario. The centre will work on Canadian Army's Land Command Support System. Thales Canada is now engaged with Queen's University researchers working on disruptive software architectures and human-machine-interface technologies.
2013-01-08 -If the Canadian government backtracks on its support of the Lockheed Martin F-35, Dassault is prepared to participate in a tender, offering the Rafale as an alternative. The government restarted the process of searching for a new fighter jet but hasn't walked away from the F-35 yet.
2012-11-20 - Thales has announced that its R&D facility at the Parc Technologique in Quebec City is now an official Thales Research & Technology centre. The new Thales Research & Technology facility in Canada will focus its efforts on fundamental research for cybersecurity; information fusion with smart networks and sensors; cognitive sciences; social media analysis; optimisation algorithms; mobile platforms; modelling and simulation.
2012-11-26 - Bombardier said it had received its largest executive jet order to date from Switzerland’s VistaJet Holding placing a firm order for 56 of its Global business aircraft valued at $3.1 billion based on list price. But the order could reach 142 aircraft if all options are exercised, raising its value to $7.8 billion. The value of the firm order eclipses another record order from Warren Buffett’s NetJet’s in June 2012 for $2.3-billion for 100 of Bombardier’s mid-sized Challenger business jets, and a previous order for 50 of its Global business jets from the fractional ownership company in March 2011.
2012-11-18 - Nav Canada, the private company that manages air traffic over Canada, says it will spend up to $150 million for a controlling stake in a joint venture with a U.S. satellite company that will track planes in real time anywhere in the world. Canada will make the investment in five instalments through 2017, giving it a 51% stake in the joint venture. Iridium Communications, based in Virginia, will own the remaining 49%, though it said it was open to taking on other investors. The joint venture will allow aircrafts to fly closer together and use more optimal altitudes and routes -- saving fuel and decreasing carbon emissions.
2012-10-22 - A multibillion-dollar project to buy new search-and-rescue aircraft for the Canadian military has turned into a full-fledged competition, attracting aircraft manufacturers from around the world, Defense-News reports. The Canadian Forces reversed its previous decision to operate only one type of aircraft for the new search-and-rescue fleet, opening up the $3 billion competition to new aircraft built in Canada, but also potentially to planes ranging from Lockheed Martin’s C-130J to Embraer’s KC-390.
2012-07-24 - General Motors of Canada outlined its commitment to significantly invest in research and development activities in Canada. Between 2009 and 2016, GM is making investments totaling $850 million in R&D in Canada, which will provide long-term sustainable benefits to GM and the Canadian automotive sector through 2016 and beyond. The bulk of GM’s investment is said to go toward the development of electric cars and environmental research rather than jobs on the assembly line.
2012-07-10 - WestJet announced its selection by Aviation Week as a top 10 international airline. The study ranks airline carriers across the world by their annual revenues, using financial and operational data to rate publicly traded airlines in five different performance categories. Over the past year, WestJet has grown to include seven code-share and 18 interline agreements. In May, WestJet announced record first-quarter net earnings of $68.3 million, the airline's 28th consecutive quarter of profitability.
2012-07-13 - Bombardier says it signed $3.27 billion in firm orders and other commitments at this year's Farnborough International Airshow. The Montreal-based company said it signed deals for up to a total of 52 aircraft with China Express Airlines, airBaltic, Jazz Aviation and an undisclosed customer during the show. That brings the year-to-date total at Bombardier Commercial Aircraft to 154 firm and conditional orders as well as options for the year so far from 11 different customers.
2012-06-28 - Aerolia, a subsidiary of EADS, says it will create more than 150 jobs on two sites as it supplies a key component of the Bombardier Global 7000 and 8000 jets. The provincial government is providing $15 million, including a $5 million grant, towards the $82.4 million project in the Montreal area. Aerolia will begin its development efforts by mid-2013. Production of the first sub-assemblies will take place in Aerolia’s sites in France and Tunisia.
2012-06-20 - Bombardier’s moribund regional-jet pision got a lift from an order for 12 CRJ1000 96-seaters. The buyer is a leasing firm, a subsidiary of Denmark’s Nordic Aviation Capital, which will lease the aircraft to Garuda Indonesia. That carrier was the launch customer for Bombardier’s CRJ1000, the most recent stretch of its regional-jet family.
2011-09-23 - French aeronautics group Latecoere, which specializes in three complementary fields of activity: aerostructures, wiring systems, and engineering and services, is pursuing its international development by setting up a new Canadian subsidiary in Greater Montréal. The company plans to hire 60 employees by 2014. This expansion of Latecoere Group outside of the European continent is being carried out through its subsidiary LATecis and will enable it to strengthen its relationship with its principal Canadian customer, Bombardier, for which it has already designed aerostructures. LATecis Canada will also be responsible for developing new business relationships with numerous companies present in Canada in the aeronautics, space, defence and transportation sectors.
2011-09-08 - Dalhousie University, in Halifax, is receiving funding from Boeing to support R&D projects to strengthen the aerospace industry. The projects include: advanced materials development, mobile graphics, and visual and text analytics. "The research community at Dalhousie values our relationships with the private sector, not only for the advancement of knowledge but also for commercial applications that improve quality of life and create good jobs," said Dalhousie Vice President of Research Martha Crago.
2011-07-15 - Aircraft engine manufacturer Pratt & Whitney Canada (P&WC), in Mississauga, Ontario, is to market new products, increase competitiveness and provide support to Ontario aerospace industry. As a result of recent tax changes in Ontario, taxes on business investment were cut in half, making Ontario more competitive and encouraging new business investments. The development of more electric engine technologies will help operators to reduce their fuel consumption and emissions, decreasing the impact of air travel on the environment. New manufacturing processes will also help to reduce waste and increase efficiency.
2011-07-13 - Ottawa renewed its funding of the Quebec Aerospace Association with a grant of nearly $1 million for three years. The minister of transport, infrastructure and communities and minister of the Economic Development Agency of Canada for the Regions of Quebec, called the financial aid “essential (to develop) well-targeted strategies to help our innovative enterprises grow and prosper, both in Canada and abroad.” The group has about 229 members who employ 39,500 people in the aerospace industry in the province. The supplier network is in transition, attempting to switch from a produce-on-demand sector for large aviation manufacturers to making more value added products.
2011-07-05 - Qatar Airways CEO Akbar Al Baker spoke of the airline’s entry into the Canadian market as a significant step in its expansion strategy. The launch of the non-stop flight between Doha and Montreal is the eighth new route launched by the carrier with a further seven destinations being added by November. Montreal becomes the airline’s fourth destination in North America. It currently operates daily flights to New York, Washington and Houston direct from Doha, the second busiest airport in the Gulf region. The Qatar Airways’ group of companies includes a corporate jet division, Qatar Executive, which operates four new Canadian-built Bombardier aircraft.
2011-07-04 - Rio Tinto Alcan's Dubuc plant in Quebec will increase its production of highly specialized AIRWARE alloys for the aeronautical industry by more than 50% following the signing of a contract with Constellium's Global Aerospace division. The president of Constellium's Global Aerospace division said that to meet the requirements of the new contract, Dubuc Works will need to expand its current operations.
2011-06-23 - Pratt & Whitney is showing interest in a Mirabel site to build and test its next-generation engine, a move that would bolster the Montreal area as one of the world's premier aerospace centres. Quebec prizes its aerospace companies, which make Bombardier jets, Bell helicopters and CAE flight simulators, among hundreds of other products. The aerospace industry has just under 40,000 direct employees in the province.
2011-06-23 - Rentech Inc., a Canadian clean-energy solutions company, has partnered with the government of Ontario to establish the first commercial-scale facility of its kind in the world to produce certified renewable jet fuel from wood fiber. This kind of collaborative, innovative and supportive approach to aerospace should come as no surprise to investors and others who do business in Ontario, said the government.
2011-06-22 - AAA Canada, a sub-contracting specialist in the industrial aerospace production sector, announced plans to expand in the Greater Montreal area, looking to create over 210 new jobs by 2013. AAA Canada is a subsidiary of French group Aeronautical & Aerospace Assistance (AAA).
2011-06-06 - Canada and Russia signed a declaration to make both countries more competitive. The countries signed an MoU to work together to develop their the aerospace sectors. They also agreed to cooperate on science and technology to map out possible collaborative areas in climate studies, energy, nanotechnology, biomedicine and Arctic research. According to Canadian government numbers, bilateral trade with Russia totalled $2.8 billion in 2010, an increase of 12.3% from the previous year.
2011-06-01 - The Aerospace and Defense Research Collaboratory at Arizona State University's Polytechnic campus in Mesa wants to formalize its connections with a Canadian organization to spur more activity for one of the state's key industries. Aero Montreal and the Arizona group are in talks to partner on research, conferences, student exchanges and more. The Business Journal reports that the connection would represent a stronger partnership between the aerospace communities in Arizona and in Canada, which already have a healthy link.
2011-05-20 - Pratt & Whitney Canada and GE Aviation are looking at developing engines for larger turboprop aircraft. Regional jets have grown from having 50 seats to as many as 90, adding value along the way. "It is a natural evolution of the 70-seat into a 90-seat aircraft, so I think if it were available tomorrow, the airlines would go for it," said Richard Dussault, vice president of marketing at P&W.
2011-05-09 - Pratt & Whitney Canada, a unit of American-based Pratt & Whitney, plans to stay long term in Mirabel to construct plane engines that will be assembled in the region, said John Saabas, P&WC President. P&WC's Mirabel Aerospace Centre, an assembly and test facility featuring advanced manufacturing technologies, is open and ready for production. At the facility, P&WC will assemble and test the PurePower PW1524G for the Bombardier CSeries aircraft and the advanced PurePower PW800 family of engines for the next generation of large business jets.
2011-05-05 - Airports Council International (ACI) inaugurated its World headquarters in Montréal, in collaboration with Montréal International. The international organization (IO), which comprises 580 member airport authorities operating more than 1,650 airports in 179 countries, will thus be closer to the International Civil Aviation Organization (ICAO) and other air transportation IOs already established in Montréal. ACI World’s mission is to promote excellence in airport management and operations around the world and to represent airports interests with Governments and international organizations.
2011-05-03 - According to a report from RNCOS, “Canadian Aerospace Industry Future Outlook,” the Canadian aerospace industry is expected to continue its impressive growth in coming years, with a major contribution from the civil aviation segment. Based on defence spending and other factors, the study foresees some dynamic market developments in aircrafts and aircrafts parts sector, which will help market to post 6.7% CAGR growth during 2010-2013. The report also found that the country will observe growth across all sub segments of the market, with the primary driver for the overall market being the aircraft and aircraft parts segment, which has secured double digit CAGR growth during the last decade on the back of activities from the global aerospace OEM’s and suppliers.
2011-05-02 - Suresh Kumar, Assistant Secretary of Commerce for Trade Promotion and Director General of the U.S. and Foreign Commercial Service will lead a U.S. Aerospace Supplier Trade Mission of 21 companies to Montreal, May 2-4, 2011. Canada's aerospace industry is the fifth largest in the world, with $22.2 billion in revenues in 2009. The United States is Canada's largest supplier of aircraft parts and components. In 2009, U.S.- Canada aerospace bilateral trade exceeded $13 billion, and total U.S. aerospace exports to Canada were approximately $6 billion.
2011-03-30 - European Aeronautic Defense & Space's (EADS) helicopter unit, Eurocopter Holding, will acquire Canada's Vector Aerospace for about $640.8 million. As per the deal, Vector will retain its name and will become Eurocopter's main provider of maintenance, repair and overhaul services.
2011-03-28 - Florida based Night Flight Concepts (NFC) announced plans to expand operations into Canada, timed with the unveiling of a partnership with Helicopter Transport Services (Canada) Inc. HTSC and NFC will offer aerospace organizations in Canada and abroad, "safety, reduce cost and increase performance," with NFC's night vision goggles.
2011-03-23 - Altair Engineering, Inc., a provider of simulation technology and engineering services for the aerospace industry, has opened an office in Montreal. This expansion follows an increase in demand for Altair's HyperWorks suite of computer-aided engineering tools among major aerospace manufacturers and suppliers in Canada. The new office will conduct technical support and engineering projects and is consulting with aerospace companies on deployment of the HyperWorks product line.
2011-03-23 - Textron Systems has opened a new facility located in Ottawa, which will initially operate as a business office. The company offers products to the defense, homeland security and aerospace communities. Textron already employs more than 1,800 people in Canada. The Ottawa office will compete for the Department of National Defence Canadian Forces' Tactical Armoured Patrol Vehicle program. Its global headquarter is located in Providence, RI.
2011-03-21 - According to RNCOS' research report "Canadian Aerospace Industry Future Outlook," Canada has been at the forefront of the global aerospace industry developments. The market has experienced one of the world's fastest growths during the last few years, according to the report. Canadian expertise on aircraft manufacturing has been globally acclaimed and its military applications segment is on its way to become a hot spot for the global aerospace majors.
2011-03-06 - According to a PricewaterhouseCoopers (PwC) partner, "deal activity in Canada's aerospace and defense industry is expected to pick up in 2011, following the global trend as the industry looks to capitalize on a growing market and a changing landscape with the customer base shifting toward the Asia Pacific region." In a report, Mario Longpre, PwC's national aerospace and defense leader, mentions that "A few months ago, people didn't want to make transactions right away because the outlook was still unclear. And, the picture is clearing up a little. The recovery is starting to kick in, so we're going to start seeing some of those deals close as production rates increase and new orders are being signed." Canada's aerospace and defense industry generates annual revenue of $20-25 billion, Longpre said.
2011-03-03 - "The political whirlwind surrounding Canada's new F-35 joint strike fighter boils down to a matter of jobs and a viable future for Composites Atlantic Ltd.," according to Maurice Guitton, president of the company. Guitton said his company, which currently has 300 employees, plans to double the size of its skilled workforce over the next couple of years, and that plan is not solely reliant on participating in Canada's fighter repIacement program. They hope to accomplish their goal by tapping into the worldwide market, one the aerospace industry estimates will see about 30,000 aircraft worth about $3 trillion built over the next two decades. Atlantic Canada currently employs more than 8,000 skilled workers in a growing aerospace industry, with annual sales in the range of $1.8 billion.
2011-02-27 - Cascade Aerospace CEO David Schellenberg says that "an expected global demand for 30,000 aircraft represents an outstanding opportunity for Canadian aerospace, with the potential to double the number of aerospace jobs in B.C. and across the country by 2020." Canada is home to the world's fifth largest aerospace industry, employing nearly 80,000 people in 2009 and generating more than $22 billion in revenue from coast to coast. "The aerospace sector's success is based on Canadian expertise, intellectual property and entrepreneurial spirit," added Schellenberg.
2011-02-20 - GE Canada and StandardAero are partnering to build a $50 million aircraft engine research and technology development facility in Winnipeg, Manitoba. The facility will open with 10 employees and the work force could grow to 50 employees in five years, and eventually up to 200. "GE continues to invest and grow our presence in Canada," said Elyse Allan, president and CEO of GE Canada. "The new test facility will expand our capabilities and industrial footprint in the country."
2011-01-30 - Harris Canada, a subsidiary of Florida-based Harris Corporation, opened its Calgary avionics operation, following a $2.3 million investment to enhance the facility. The Harris facility supports the work to be completed under the company’s six-year, $273 million services contract with the Government of Canada for the CF-18 Avionics Optimized Weapon System Support (OWSS) program. The facility is now 35% larger — providing a secure lab for testing classified equipment, a significantly larger warehouse complete with a shipping and receiving dock, a reception area, and space to support planned growth. Harris employs 40 people at the Calgary location and utilizes more than 40 vendors in Canada and the U.S.
2010-12-13 - Pratt & Whitney is starting a $1 billion project to develop lighter aircraft engines with more power, better fuel consumption and improved durability, backed by a $300 million federal loan. The project is expected to create and maintain an average of more than 700 highly skilled jobs during the project work phase and more than 2,000 jobs during the 15-year benefits phase, the federal government said. Pratt & Whitney is a division of U.S.-based United Technologies Corp.
2010-11-08 - Pratt & Whitney Canada announced it is recruiting 200 experienced engineers to support aircraft engine development programs for business, regional and helicopter applications. The positions will be based in Longueuil, Quebec, and Mississauga, Ontario. P&WC is a United Technologies Corp. (based in the U.S.) company.
2010-11-03 - A $42 million research and testing facility for the aerospace industry has opened in northern Manitoba. The Global Aerospace Centre for Icing and Environmental Research will be used by Rolls-Royce to test its new Trent XWB engine for the Airbus A350 aircraft family. Pratt & Whitney is also testing its Geared Turbofan - PurePower engine at the facility. The National Research Council Canada developed the engine icing equipment and controls for the facility. The government said the research centre is the most advanced in the world, adding it will give Canada’s aerospace industry the ability to work on next generation aircraft and position them at the forefront of technology developments.
2010-07-22 - Liebherr Group of Switzerland, whose specialties include aeronautics equipment, will be expanding its facilities in Laval to accommodate the assembly and testing of the landing gear for Bombardier's CSeries aircraft. Liebherr-Aerospace Canada plans on hiring about 35 employees. The announcement of this investment, valued at more than $9 million over the next three years was made at the Farnborough International Airshow in England.
2010-07-21 - The Honourable Tony Clement, Minister of Industry, addressed Canadian companies at the 2010 Farnborough International Airshow. Minister Clement outlined how Canada is building on its strengths in the aerospace industry to help position Canadian firms as suppliers of choice to major aircraft platforms. While at the air show, Minister Clement will be meeting with many key aerospace stakeholders to promote the innovation and technological capabilities of the Canadian aerospace sector. It is expected that many Canadian aerospace companies will be announcing key business transactions at the show.
2010-06-18 - Michigan's largest technology business association that focuses on workforce and business development initiatives, Automation Alley, is planning a trade mission to Toronto, Ontario, and Montreal, Quebec for Sept. 27-Oct. 1, officials said Thursday. "The U.S. and Canada have the largest two-way trade and investment relationship in the world, exceeding $425 billion in 2009. It's obvious that Canada is clearly a top destination for Michigan products and services," Ken Rogers, Automation Alley executive director said. Targeted industries on the mission include aerospace; automotive components; building products; cleantech and renewable energy technologies; defense and homeland security; general industrial equipment; IT and information communications technology and life sciences, medical devices and equipment.
2010-05-27 - SITA's first global Command Centre recently opened in Montréal to service over 3,200 clients from the air transport industry all over the world. SITA services an industry that enables more than two billion passengers to travel each year. It is also said that almost all airports or airlines do business with SITA.
2010-05-17 - US- based Dornier Seaplane has picked St-Jean-sur-Richelieu, Que. as the site of its final assembly plant for a new amphibious aircraft. The Several factors including strong government support for aerospace; a skilled aerospace labour pool in the region; the large local aviation supply chain; quality educational institutions; and proximity to Lake Champlain for demonstration and test flights, made Dornier pick St-Jean-sur-Richelieu. The new facility will help create 250 assembly jobs over the next five years, the company said.
2010-04-30 - Prince Edward Island's aerospace industry is experiencing unprecedented growth with annual sales now exceeding $355 million, says Allan Campbell, minister of Innovation and Advanced Learning. New statistics for 2009 indicate annual sales for PEI-based aerospace companies increased by more than 24% since 2007. Approximately 900 Islanders are now working in the sector, which is generating more than $31 million in annual payroll.
2010-04-29 - The French group Aeroconseil, expert in aeronautical engineering and air transport services, is launching its operations in Greater Montréal to develop its activities in North America. Aeroconseil Canada was created to become closer to its North American customers. The company plans to hire more than fifty employees over the next three years.
2010-04-29 - The AEROMART 2010 business convention opened at the Palais des congrès de Montréal and will run until April 29, 2010. AEROMART is the largest networking event among contractors, OEMs, suppliers or subcontractors of aviation services worldwide. More than 1,000 participants, representing some 500 aerospace companies from 22 countries around the world, are attending. The event offers a program of B2B meetings, thematic sessions with experts on various aerospace issues and technology conferences and workshops allowing participants to showcase their special expertise and know-how.
GE Canada announced that its GE Aviation business is planning to invest $63.5 million dollars over the next six years to diversify its product line at the GE Aviation manufacturing plant in Bromont, Quebec. The investment will strengthen Bromont's position as a global centre of excellence and will also create 80 jobs and maintain the current 545 jobs at the GE Aviation manufacturing facility. GE Aviation Bromont manufactures aircraft engine components, including aircraft engine fan blades. Parts manufactured in Bromont are made for various commercial and military aircraft engines.
Kongsberg Defence and Aerospace of Norway will create jobs and invest in Canada by opening a new manufacturing facility in London, Ontario. The new facility is expected to directly create up to 100 jobs in the London area, with a further 500 jobs through supplier activity. These high-tech jobs will strengthen Canada’s manufacturing and defence sectors as well as the larger research community. Phase 1 of the project includes a $30-50 million investment.
Ontario is helping the Ontario Aerospace Council match Ontario’s leading-edge, innovative companies with global aerospace leaders. The Council is hosting On the Wings of Innovation 2010 in Windsor, June 4-6th. The goal of the event is to push the boundaries of aerospace technology and spark new ideas that lead to market-driven solutions. The announcement supports the province’s new five-year Open Ontario plan that will help open the province to new economic opportunities and will result in new jobs and growth.
A report by RNCOS estimates that surging exports coupled with higher public and private sector investments in the Canadian aerospace industry will drive it to register 3.2% CAGR during 2010-2013. The report reveals that being the world's third largest, the Canadian aerospace industry has competitive advantage over other regional aerospace industries - for example, production cost in Canada is 7.1% lower than the U.S. This is prompting various global aerospace majors to increasingly establish their production facilities in the country.
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