Aerospace trade mission: a positive assessment of Québec’s participation in the Farnborough Airshow
At the close of the 62nd Farnborough International Airshow, Sam Hamad, Minister of Economic Development, Innovation and Export Trade, gave a positive assessment of Québec’s participation, which included some twenty businesses and organizations, in the trade mission he headed from July 8 to 12.
Some of the highlights of Québec's trade mission included:
- the announcement of a partnership between the Avantis Group in France and Drakkar and Associates from Québec to create the Avantis Industrialization Company. This company will specialize in value-added complex tooling. Over the next three years, $6.5 million will be invested in the new company, and about thirty highly skilled jobs will be created in Québec.
- confirmation of an order by GE Aviation valued at over $2 million for profiling systems from AV&R Vision & Robotics, a Québec firm.
- a call for submissions by the second cohort of Aéro Montréal’s MACH initiative, which is designed to optimize the performance of Québec’s supply chain and increase its global competitiveness. The Québec government awarded nearly $4 million in June 2011 to support this initiative estimated at $15 million. The first cohort was composed of 20 Québec firms that were sponsored by 9 prime contractors in the industry.
In addition, the Minister witnessed the signing of two cooperation agreements involving Aéro Montréal. The first was signed with Pacific Northwest Aerospace Alliance, and the second with Pôle Pégase, which is the second agreement with a French competitiveness cluster.
About Québec's aerospace industry
Québec's aerospace industry is made up of 212 businesses, including 15 world class prime contractors and equipment suppliers. More than 42,000 individuals work to ensure the success of this industry, which generated $11.7 billion in sales in 2011.
Ministère du Développement économique, de l'Innovation et de l'Exportation
2012 International Fair in Farnborough