The aerospace and defence industry in Atlantic Canada is one of the more dynamic and growth orientated business sectors. Industry leaders such as General Dynamics, Honeywell,
Pratt & Whitney and IMP have chosen Atlantic Canada, which is gaining worldwide recognition for its expertise in the industry. With four business parks focused on aerospace and defence, excellent research and development facilities, four international airports, and support from all levels of government, Atlantic Canada is well positioned for continued, strong growth in this industry.
Business Costs
Atlantic Canada has the lowest business costs among the G7 countries, with savings of up to 25%. The greatest cost advantages are in the areas of land, construction, labour and energy. This is according to Competitive Alternatives: KPMG’s guide to international business costs, 2006 which compares the costs of an aircraft parts manufacturing operation in over 125 cities around the world.
Business Environment
The aerospace and defence industry is a strategic growth engine for the Atlantic Canadian economy. Industry trade associations in Atlantic Canada have coordinated a number of important industry-wide initiatives in areas such as export, trade and training.
For additional information on the Aerospace and Defence Industry in Atlantic Canada, please view the full information sheet, or contact us directly.