MONTREAL, April 17,
2024 /CNW/ - Aéro Montréal lauds the Canadian
government's efforts to strengthen Canada's security by updating its National
Defence Strategy. It welcomes the commitment to support research
and development, the space sector and access to sustainable
aviation fuels. However, Quebec's
aerospace cluster urges the government to continue its efforts by
stressing the importance of implementing a national aerospace
strategy to strengthen the country's industrial capabilities and
competitiveness.
Highlights for Quebec's Aerospace Sector
- Defence Policy Update: Our North, Strong and Free
($549.4M over 4 years, starting in
2025-2026, and $267.8M over the
coming years, to enable the DND to replace Canada's global satellite telecommunications
equipment and acquire new tactical helicopters and airborne early
warning aircraft, among others. The update also includes
$66.5M over 5 years starting in
2024-2025 for the training of Royal Canadian Air Force
personnel)
- Protecting Canada's Biofuels Industry, notably
through the reorganization and 4-year extension of the Clean Fuel
Fund, providing $776.3M in total from
2024-25 to 2029-30 to support clean fuel projects
- Establishment of new whole-of-government approach to space
exploration, technology development and research with the
creation of a National Space Council
- Implementation of significant new investment tax credits
by the end of 2024 to create jobs and keep Canada on track to reduce pollution and carbon
neutrality by 2050
- Support for R&D and the maintenance of intellectual
property with $1.8B over five
years to increase funding for core research fellowships
- Creation of a new funding body for basic
research
- Creation of an Advisory Council on Science and
Innovation
- Creation of a working group to encourage pension funds to
invest in airport facilities
- A significant increase of $2.4B in targeted support for artificial
intelligence (notably, $100
million over five years for the National Research Council's AI Assistance Program
to help small and medium-sized enterprises expand and increase
productivity through the development and deployment of new
solutions)
- New directions for Crown corporations to take on more
risk to support Canadian businesses.
"By updating our national defence strategy and investing in the
security of our country, the Canadian government is taking a
critical first step in the right direction. We look forward to
working closely with the government to continue these efforts and
meet NATO standards of defence spending equivalent to 2% of GDP.
Efforts to stimulate promising sectors such as space research and
exploration and the growth of artificial intelligence in
Canada will also benefit the
development of our industry. However, in the coming weeks, Aéro
Montréal, along with the AIAC, also hopes to be able to engage in
fruitful discussions with the government on strategic issues such
as the development of a national aerospace strategy, essential to
maintaining the competitiveness of the Canadian aerospace sector,"
said Mélanie Lussier, President and CEO of Aéro Montréal.
About Aéro Montréal
Established in 2006, Aéro Montréal is a strategic forum for
collaboration that brings together all the CEOs of Quebec's aerospace sector from industry,
educational institutions, research centres and including
associations and unions.
Aéro Montréal's activities are made possible through the
participation of the governments of Canada, Quebec and the Montreal Metropolitan Community, as well as
the cluster's member companies.
SOURCE Aéro Montréal