The decline of Canada’s defence aviation industry

On the same subject

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  October 12, 2018 | Local, Aerospace, Security

  Vancouver Island company to advance aerospace innovation and firefighting technology

  Investment helps create up to 15 new high-value, local jobs and global opportunities PORT ALBERNI, BC, Oct. 11, 2018 /CNW/ - Canadians will benefit from a stronger aerospace industry and better aerial firefighting technology thanks in part to a new investment in a British Columbian firm specializing in firefighting aircraft. Today the Honourable Carla Qualtrough, Minister of Public Services and Procurement, Minister of Accessibility and Chair of the Cabinet Committee on Federal Recovery Efforts for the 2017 and 2018 British Columbia Wildfires, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, announced a repayable investment of nearly $3.4 million in Coulson Aircrane Ltd., a small aviation company based in Port Alberni, British Columbia. This investment helps create good middle-class jobs and strengthens Coulson's position in the aerospace supply chain. The project will facilitate collaboration with post-secondary institutions, ensure workers have the skills they need and generate new Canadian intellectual property. This funding supports Coulson's first-of-its-kind research and development (R&D) initiative to convert a Boeing 737 plane into a dual-purpose aerial firefighting tanker / passenger aircraft that can be used to fight fires in Canada and elsewhere. This investment is being made through the Strategic Innovation Fund, a program designed to attract and support high-quality business investments across all sectors of the economy by encouraging R&D that will accelerate the transfer of technology and the commercialization of innovative products, processes and services and will facilitate the growth of innovative firms. Quotes "Our government's support for Coulson Aircrane demonstrates our commitment to Canada's aerospace industry—a major engine of innovation and a key contributor of well-paying jobs to the national economy. By investing in innovative projects like this one at Coulson, we're creating new opportunities for Canadians from coast to coast. That's how, through the Strategic Innovation Fund, we're investing in innovation today to create the jobs of tomorrow." – The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development "Innovative companies such as Coulson Aircrane are a key part of our government's plan to grow the economy and create well-paying middle-class jobs for British Columbians. As a world leader in aerial firefighting, Coulson is a testament to the kind of quality work that this region is capable of—and the quality talent that is right here in British Columbia. The development of this innovative technology will better protect our forests from wildfire damage and increase efficiency by providing the ability to deliver both fire retardant and fire-fighting personnel at the same time. This is a great demonstration of how Canada can lead in the technology economy.." – The Honourable Carla Qualtrough, Minister of Public Services and Procurement "Coulson Aviation is appreciative of Minister Qualtrough's announcement of Government of Canada support for innovation in Canada. This investment has been instrumental in our company's conversion of airliners into tankers for fighting fires as well as carrying passengers. Extensive aircraft modifications took place here at the Port Alberni airport, involving 140,000 hours of work in the community. We are proud that the newly completed air tankers will begin fighting forest fires globally this fall and that we are currently converting another airliner." – Wayne Coulson, CEO, Coulson Group Quick facts Coulson Aircrane is a family-owned company and a key player in the aerial firefighting business. The company works with firefighting agencies in Canada, the United States and Australia. Canada's aerospace industry includes 700 firms, directly contributes close to $12.6 billion in GDP to Canada'seconomy and employs more than 85,000 Canadians. The Strategic Innovation Fund is a flexible program that reflects the diversity of innovation in all sectors of the economy. In addition to the Strategic Innovation Fund, there are hundreds of programs and services to help businesses innovate, create jobs and grow Canada's economy. With a simple, story-based user interface, the Innovation Canadaplatform can match businesses with the most fitting programs and services in about two minutes. Follow Innovation, Science and Economic Development Canada on Twitter: @ISED_CA SOURCE Innovation, Science and Economic Development Canada For further information: Nilani Logeswaran, A/Press Secretary, Office of the Minister of Innovation, Science and Economic Development, 613-668-1794; Media Relations, Innovation, Science and Economic Development Canada, 343-291-1777, ic.mediarelations-mediasrelations.ic@canada.ca https://www.newswire.ca/news-releases/vancouver-island-company-to-advance-aerospace-innovation-and-firefighting-technology-696990951.html

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  April 23, 2018 | Local, Aerospace, Naval, Land, C4ISR, Security

  Driving job creation and innovation in Canada through defence spending

  Canada positioned to lead globally in five emerging technology areas while building on its strengths April 23, 2018, Ottawa Canada has a strong and innovative defence industry with over 650 companies that employ more than 60,000 Canadians. One way the Government of Canada supports this industry is the Industrial and Technological Benefits (ITB) Policy, which requires that for every dollar it spends on big defence purchases, the winning contractor must put a dollar back into Canada's economy. In the past 30 years, the ITB Policy has generated investments of $30 billion in Canada's economy, and generates around 40,000 jobs annually. Through Canada's defence policy, Strong Secure, Engaged, defence purchases are being used to unlock billions of dollars in economic benefits and create middle-class jobs. To maximize these opportunities, the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, today announced that the government will use the ITB Policy to motivate defence contractors to invest in Key Industrial Capabilities (KIC). These are five areas of Canadian industrial strength in emerging technologies, which have the potential to grow quickly, and 11 established industrial capabilities where Canada is globally competitive or where domestic capacity is essential to national security: Emerging technologies Advanced materials Artificial intelligence Cyber resilience Remotely piloted systems and autonomous technologies Space systems Leading competencies and critical industrial services Aerospace systems and components Armour Defence systems integration Electro-optical and infrared systems Ground vehicle solutions In-service support Marine ship-borne mission and platform systems Munitions Shipbuilding, design and engineering services Sonar and acoustic systems Training and simulation Key Industrial Capabilities align with the government's Innovation and Skills Plan by supporting the development of skills and fostering innovation in Canada's defence sector. Quotes “Our defence industry asked for a list of Key Industrial Capabilities, and we delivered. As a result of promoting investment in areas with potential for rapid growth, our armed forces will be better equipped, we will have a stronger economy and we will create thousands of middle-class jobs.” – The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development “Canada's defence industry welcomes Key Industrial Capabilities as an important policy tool to strengthen our government-industry partnership. KICs will incentivize strategic investments in existing and emerging defence and security capability where Canada has leading-edge and globally competitive technologies. The capabilities identified today demonstrate the world-class, innovation-led nature of the defence and security industry here in Canada.” – Christyn Cianfarani, President and CEO, Canadian Association of Defence and Security Industries “By defining its Key Industrial Capabilities, the government has provided another significant instrument for leveraging public procurements to increase investment in areas of Canadian industrial strength and opportunity. The strong aerospace presence in the KICs identified by the government today illustrates the strength of our industry, as well as its potential to continue building its competitive advantage in the years ahead. We are very pleased that the government has identified its KICs, and congratulate Minister Bains on the successful launch of this important procurement tool.” – Jim Quick, President and CEO, Aerospace Industries Association of Canada Quick facts The list of Key Industrial Capabilities will evolve over time to reflect technological advances and changing defence requirements and will be reviewed and updated on a regular basis. Adoption of these Key Industrial Capabilities was first recommended in the 2013 report, Canada First: Leveraging Defence Procurement Through Key Industrial Capabilities (also known as “The Jenkins Report”). The defence industry is both innovative, with an R&D intensity 4.5 times the Canadian manufacturing average, and export-oriented, with 60 percent of its sales in 2016 taking place in the global market. From 1986 to 2016, the overall portfolio of ITB obligations included 137 contracts valued at $41.5 billion, with $28.3 billion in business activities already completed, $9.4 billion of activities in progress and $3.8 billion in unidentified future work opportunities. Associated links Industrial and Technological Benefits Policy Key Industrial Capabilities Defence Acquisition Guide 2016 Strong Secure, Engaged Innovation and Skills Plan Canada First: Leveraging Defence Procurement Through Key Industrial Capabilities Contacts Follow the department on Twitter: @ISED_CA Karl W. Sasseville Press Secretary Office of the Minister of Innovation, Science and Economic Development 343-291-2500 Media Relations Innovation, Science and Economic Development Canada 343-291-1777 ic.mediarelations-mediasrelations.ic@canada.ca https://www.canada.ca/en/innovation-science-economic-development/news/2018/04/driving-job-creation-and-innovation-in-canada-through-defence-spending.html

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  October 25, 2019 | Local, Naval

  The Global Naval Vessels And Surface Combatants Market 2019-2029

  Summary The global naval vessels and surface combatants market is valued at US$36. 7 billion in 2019, and will grow at a CAGR of 1. 97%, to reach a value of US$44. 6 billion by 2029. New York, Oct. 22, 2019 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "The Global Naval Vessels And Surface Combatants Market 2019-2029" - https://www.reportlinker.com/p02275942/?utm_source=GNW The cumulative market for global naval vessels and surface combatants is anticipated to value US$429.8 billion over the forecast period. The demand for naval vessels is anticipated to be driven by high levels of expenditure by emerging economies in the Asia-Pacific region including India and China. The North American region supported by US Navy's multi-year procurement programs, is expected to maintain its leading position globally, exhibiting a steady pace of growth over the forecast period. The global naval vessels and surface combatants market is expected to be led by North America with revenue share of 41.9%. Cumulatively, North America is projected to spend US$180.3 billion on naval vessels and surface combatants over the forecast period. In 2019, regional expenditure is expected to value US$15.1 billion and increase to US$19.0 billion by 2029, growing at a CAGR of 2.32%. Asia-Pacific will follow North America and is expected to account for 26.2% revenue share of the global naval vessels and surface combatants market over the forecast period. Europe is anticipated to be the third-largest market globally with a revenue share of 22.2% over the forecast period, driven by the naval expansion and capability enhancement initiatives undertaken by various countries in the region. With a share of 5.5%, the market for naval vessels and surface combatants in the Middle East is projected to be the fourth largest globally. Frigates is expected to be the largest segment in the naval vessels and surface combatants market during the forecast period. Driven by several high-value procurement programs worldwide including the US Navy's FFG(X) program, Canadian Navy's ‘Canadian Surface Combatant' program, Saudi Navy's Multi-Mission Surface Combatant program, Australian Navy's SEA 5000 (Hunter-class) program and French Navy's Intermediate Frigate (FTI) program among others; the Frigates segment is expected to account for a 28.7% revenue share of the total market over the forecast period. Destroyers segment will follow Frigates segment with 19.6% market share. With 15.1% share, Amphibious Ships segment is anticipated to hold the third position in the global market. The growing demand for Amphibious Ships is primarily attributed to the ongoing initiatives of naval forces to develop relevant sealift capabilities. Light Combat Vessels and Corvettes segments to account for respective shares of 11.8% and 9.3%. Aircraft Carriers will account for a decent share of 8.6% over the next decade. The remaining share of 6.9% will be held by Auxiliary Vessels segment. The report "The Global Naval Vessels And Surface Combatants Market 2019-2029", offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for naval vessels, key market trends, and challenges faced by industry participants. In-depth analysis provides - - Market size and drivers: detailed analysis during 2019-2029, including highlights of the demand drivers and growth stimulators.It also provides a snapshot of the spending and modernization patterns of different regions around the world - Recent developments and industry challenges: insights into technological developments and a detailed analysis of the changing preferences of naval vessels and surface combatants segments around the world. It also provides trends of the changing industry structure and the challenges faced by industry participants - Regional highlights: study of the key markets in each region, providing an analysis of the key segments of the market that are expected to be in demand - Major programs: details of the key programs in each segment, which are expected to be executed during 2019-2029 - Competitive landscape and strategic insights: analysis of the competitive landscape of the global market. It provides an overview of key players, together with information regarding key alliances, strategic initiatives and financial analysis Companies mentioned: General Dynamics, Huntington Ingalls Industries, Austal, Naval Group, Larsen & Toubro Limited (L&T), Lockheed Martin, Fincantieri SpA, BAE Systems, Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering Co., Ltd and Abu Dhabi Shipbuilding Scope - The global naval vessels and surface combatants market is expected to grow at a CAGR of 1.97% over the forecast period. - The market consists of seven categories: frigates, destroyers, amphibious ships, light combat vessels, corvettes, aircraft carriers, and auxiliary vessels. - North America will dominate the sector with a share of 26%, followed by Asia-Pacific and Europe. The frigates segment is expected to be the leading segment during the forecast period. Reasons to buy - Determine prospective investment areas based on a detailed trend analysis of the global naval vessels and surface combatants market over the next ten years - Gain in-depth understanding about the underlying factors driving demand for different naval vessels and surface combatants segments in the top spending countries across the world and identify the opportunities offered by each of them - Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others - Identify the major channels that are driving the global naval vessels and surface combatants market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion - Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global naval vessels and surface combatants market - Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top naval vessels and surface combatants providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available. Read the full report: https://www.reportlinker.com/p02275942/?utm_source=GNW https://finance.yahoo.com/news/global-naval-vessels-surface-combatants-134956689.html