ABBOTSFORD, B.C.—British Columbia’s aerospace industry is receiving a big boost in research and marketing according to industry and government leaders that participated in the Aerospace, Defence & Security Expo. A new study has shown the sector is continuing its upward trajectory. It now employs 8,300 workers in B.C. and generates $2.4 billion in annual revenue.
“BC’s aerospace industry shows strong potential to continue growing as a driver of our economy,” Jay Teichroeb, vice-president for the Pacific of the Aerospace Industries Association of Canada, said.
$7.3 million in new investments was also announced during the industry expo. The investment dollars will be spread across five B.C. aerospace research projects, three of which focus on green aviation technology. The other two research projects involve aircraft design and measuring pilot fatigue.
In addition to the funding announcement, Brican Automated Systems, KF Aerospace, OMX and UrtheCast announced major initiatives at the expo, which are expected to contribute further growth to B.C.’s booming aerospace industry.