The Aerospace Industry in Ontario
Investment opportunities in the Aerospace Industry are out of this world. Generating revenues of approximately $ 6.4 billion More than 70% of its output is exported. The Ontario aerospace industry is made up of more than 350 firms, (14 of the top 25 worldwide) employing over 22,000 people. Many of these people of are highly qualified engineers, technicians and scientists.
Some of the larger companies in Ontario’s aerospace sector, with either significant operations in Ontario or based in Ontario are Tier 1, 2 and 3 suppliers including:
- L-3 Communications
- Airbus Canada
- Siemens Canada
- Pratt & Whitney
The Ontario Aerospace Council is made up of about 200 members and a wide range of aerospace / aviation design, manufacturing, and product support capabilities.
Aircraft, components and other parts of the supply chain are manufactured in Ontario regions including:
- Eastern Ontario
- Southwestern Ontario
- Greater Toronto Area
- Niagara Region
The success of Ontario’s aerospace industry can be attributed to a number of factors including:
- Tax incentives and low tax rates
- Partnerships with educational institutions such as universities and colleges. One of the primary partnerships in this space include partnerships with Centennial College, York University and several large aerospace firms retrofitting a former de Havilland manufacturing facility in the Toronto area.
- NAFTA manufacturing hub status and proximity to cities such as New York, Washington, Atlanta and Chicago
- Enviable status of having access to U.S. military projects
- Reputation as a good place to do business, with competitive costs to carry out business operations
Ontario is Canada’s most populous province, and has some of the best resources for manufacturing and distribution of aircraft and related components in North America. Canada’s rating as one of the best places to do business in the world provides additional leverage for companies and individuals looking to invest in this sector.
Ontario has several domestic and international airports in
Toronto’s Pearson Airport is Canada’s busiest airport, with flights to and from
- 27 Canadian airports
- 42 U.S. locations
- 84 International destinations
There are many advantages to aerospace and other support companies to invest and locate operations in Ontario, including:
- Cost containment
- Human capital and skillset
- Quality of Life
- Proximity to market
- Government programs for environmental and employment stewardship