AEROSPACE & DEFENCE ONTARIO STATISTICS

Ontario is a location that attracts global aerospace & defence corporations to expand their operations, while also fostering the growth of local businesses that offer high-quality innovation and pioneering services. The province’s manufacturers play a crucial role in the worldwide supply chain.

$2.6 BILLION IN EXPORTS OF AEROSPACE PRODUCTS IN 2022

OVER 38,000 EMPLOYEES

200+ COMPANIES PROVIDING DEFENCE PRODUCTS AND SERVICES https://www.investontario.ca/aerospace#intro

Companies Currently Doing Business in ontario’s aerospace and defense s e ctor

Ontario is home to a wide range of world-leading companies in the aerospace and defense sector, producing everything from advanced aerospace components to high-tech military equipment.

With a mix of Canadian-based firms such as Avro Canada and Deltion Precision Products, as well as regional subsidiaries of global giants like Lockheed Martin and Boeing, this important industry in Ontario produces an impressive array of products for domestic and international customers - from airplanes, helicopters, and unmanned aerial vehicles, to advanced weapons systems and communications networks.

With the province’s long history of innovation in aerospace and defense manufacturing, it is no surprise that the sector has grown so rapidly in recent years.

supporting p r ograms and Initiatives for the Industry

Supporting programs and initiatives are essential to the health of the industry in Ontario. Types of aerospace and defense products manufactured here range from unmanned aerial systems, airframes and turbine engines to space electronics and mission-critical satellites.

It is essential that these industries receive adequate funding, policy support and research facilities in order to continue to make significant contributions towards national economic growth. Investment in public programs and boosting public-private partnerships will open up more opportunities for industry development, research, innovation, skills upgrading and training.

In addition to that, providing access to capital through business financing is another area where government intervention can be invaluable. With strong support systems in place, Ontario’s aerospace and defense industry will be wellequipped to continue producing products of exceptional quality for both military and commercial markets throughout Canada.

Opportunities For Investment And E X Pansion

With the abundance of Ontario-based Aerospace and Defense product manufacturers, there are boundless opportunities for potential investors to explore. Types of products made in the area range from aerospace platforms and components, highly specialized defence products, missiles and launchers, space systems technology, engines and propulsion systems, and robotics to name a few.

These businesses have proven successful over time as well as a profitable place for global companies to invest or expand. The prospects for success in this area is why it’s become so attractive for entrepreneurs in the space industry. With the growth of this sector expected to continue during the coming years, now is a great time for investors to take advantage of these Ontario-based opportunities.

The aerospace industry in the province is both vibrant and growing. With various clusters located throughout the region, a breadth of services are available to manufacturers, providing them with comprehensive support. From research and development to engineering, evaluation, training and supply chain management, initiatives undertaken by the aerospace clusters serve to provide businesses the expertise and know-how needed for success.

Furthermore, their economic development activities provide beneficial opportunities for growth. As more companies relocate to the province or expand their existing operations here, exciting developments await in the provincial aerospace sector.