Aerospace ClusterBy Andre B

About Clusters

As defined by Michael Porter a cluster is defined as a concentration of companies and industries in a geographic region, which are interconnected by markets they serve, and the products they produce, as well as the suppliers, trade associations and educational institutions.

News and Info on Aerospace

GTA Aerospace Cluster

Toronto is a centre for commercial aircraft manufacturing and systems integration with a proud history of technology leadership. The regional aircraft designed and built here help link communities around the world. Local innovators developed breakthrough satellite technology that has enhanced communications globally.

Bombardier reports lower Q4 profit

The world’s No. 1 passenger train maker and No. 3 civil aircraft manufacturer earned $179 million, or 10 cents a share, in its fourth quarter ended January 31. That compares to $312 million, or 17 cents, a year earlier. Sales fell to $5.35 billion from $5.43 billion.

Canadian Aerospace Industry praises the federal government

The Aerospace Industries Association of Canada (AIAC) is pleased that the federal government has recognized Space as a strategic sector for Canada. The government‘s understanding of the important role that Space technologies can play in meeting its priorities is very positive for our industry.

McGuinty Government Helps Ontario Companies

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 province is contributing $250,000 to support the event.

AÉRO MONTRÉAL WELCOMES QUÉBEC GOVERNMENT’S SUPPORT

Aéro Montréal, the aerospace cluster of Metropolitan Montréal, welcomes today’s announcement by Mr. Raymond Bachand, Québec’s Minister of Finance, regarding financial support for industrial demonstration projects related to “green” aircraft. A global budget of $150 million over four years for Quebec’s aerospace industry will promote the development of aeronautical technologies of the future and help increase its competitiveness internationally.

Magellan Aerospace reports fourth-quarter profit falls

Magellan Aerospace Corp. said March 26th it earned $2 million in its latest quarter, down from $7.4 million a year ago. The maker of aircraft parts said the profit amounted to five cents per diluted share for the quarter ended Dec. 31 compared with a profit of 39 cents per diluted share a year earlier.

PM highlights Canada as a top investment destination

Kongsberg is a world leader in defence and aerospace technologies.  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.

Aerospace Industry Size and Composition

The Ontario aerospace industry is 2nd largest in Canada, and is concentrated strongly in the GTA. Approximately 70% of Ontario employment (16,000) or 21% of Canadian employment.

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