Boeing to Invest $240 Million CAD in Québec Aerospace Innovation

ASIM, may 23

Boeing [NYSE] today announced plans to invest in several Québec-based enterprises, including a $110 million anchor investment for an Aerospace Development Centre in the new Espace Aéro Innovation Zone. These investments are part of Boeing’s Industrial and Technological Benefits commitment to Canada, following the selection of Boeing’s P-8A Poseidon to fulfill its long-term multi-mission aircraft role. Boeing’s Québec investments also include two planned technology developments: Wisk’s Montreal-based engineering center focused on developing an autonomous, electric, 4-passenger eVTOL air taxi, and a collaboration with Héroux-Devtek on advanced landing gear research.

Recognizing that Espace Aéro seeks to foster a culture of collaboration with a mission to advance sustainable aerospace in Canada, Boeing is assessing additional projects to be located in Espace Aéro, aligned with the zone’s technology development priorities of decarbonization and autonomy. “Quebec’s aerospace capabilities are recognized worldwide, and we are excited to partner with the province on new initiatives that will generate cutting-edge technologies, drive economic growth, and support the decarbonization of aviation,” said Dr. Brendan Nelson AO, President of Boeing Global. “These investments serve as a testament to Canada’s aviation leadership and exemplify Boeing’s unwavering commitment to the country, where we have been driving innovation and fostering collaboration across the nation for over a century.”

“Today’s announcement is all about Canada’s economic benefits policy at work. It’s not just about procuring Boeing’s P-8 Poseidon. With this state-of-the-art Aerospace Development Centre, Canada will also benefit from Boeing’s strategic investments in leading Canadian firms,” said the Honourable François-Philippe Champagne, Canada’s Minister of Innovation, Science and Industry. Sebastien Vigneron, Wisk’s Senior Vice President of Engineering and Programs, highlighted the importance of expanding their team and tapping into Québec’s aerospace talent. Martin Brassard, President and CEO of Héroux-Devtek, emphasized that Boeing’s investment in next-generation landing gear technology would enhance Québec’s manufacturing capabilities. The Government of Canada announced its decision to acquire the P-8A Poseidon aircraft in November 2023 as part of the Canadian Multi-Mission Aircraft project, with Boeing’s investments in Québec building on more than $2 billion in P-8 contracts with Canadian companies to date.

– $110 million for the Aerospace Development Centre in new Québec Espace Aéro Innovation Zone

– $95 million dedicated to advancing the development Wisk Aero’s autonomous, passenger carrying air taxi

– $35 million to advanced landing gear research in partnership with Héroux-Devtek

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