Boeing

Boeing is investing $61 million to support two British Columbia aerospace companies, part of its Industrial and Technological Benefits commitment tied to Canada’s selection of Boeing’s P-8A Poseidon aircraft. This includes $13 million for Parksville’s COTA Aviation, an Indigenous-owned aerospace and defense company, enhancing their manufacturing capabilities and establishing a training facility.

Additionally, Boeing is investing $48 million in research and development at Boeing Vancouver to optimize aircraft maintenance and performance. These investments will generate nearly 3,000 jobs and $358 million annually in economic output, contributing significantly to Canadian economic growth.

Want to know more? Check out the source code on Techcouver.

Boeing has unveiled 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 commitment to Canada following its selection of the P-8A Poseidon aircraft for the country’s multi-mission needs.

Boeing will collaborate with Wisk’s Montreal engineering center on autonomous eVTOL air taxis and work with Héroux-Devtek on advanced landing gear research. This initiative aims to advance sustainable aerospace technologies in Canada, fostering economic growth and innovation. The move is expected to generate nearly 3,000 jobs and $358 million annually.

Want to know more? Check out the source code here.