The aerospace industry has bounced back after being severely shaken by the COVID-19 pandemic in 2020. Around 2 billion in sales have soared and 7,300 jobs have been lost at the height of the crisis. crisis according to the most recent data from Quebec. The Legault government releases 95 million for the sector.
Posted at 9:49
The Quebec Aerospace Strategy (SQA) Horizon 2026, presented on Monday, is based on three areas of intervention: innovation, diversification and value chains.
Taking into account the sums already allocated to the industry in recent years, up to 334 million could be invested, which should support investments totaling approximately 2.8 billion, according to the Legault government.
“With the new Québec Aerospace Strategy, we are providing the necessary tools to ensure its progress and to solidify its position on the international scene”, underlined the Minister of Economy and Innovation, Pierre Fitzgibbon, during of a virtual press briefing.
The SQA aims in particular to support projects to develop a “greater number of promising business segments”, such as remotely piloted aircraft (drones) as well as space technologies such as telecommunications satellites.
According to government data, the Quebec aerospace industry represents 36,000 direct jobs and generates nearly $16 billion in annual sales through major players such as Bombardier, CAE, Pratt & Whitney and Bell Textron Canada.