Minister Paradis Welcomes the Aerospace Review Report

OTTAWA, ONTARIO--(Marketwire - Nov 29, 2012) - Today, the Honourable Christian Paradis, Minister of Industry, welcomed the report on the Review of Aerospace and Space Programs and Policies. On February27, 2012, the Harper Government launched an arm''s-length comprehensive review, led by the Honourable David L. Emerson with the support of council members Ms.Sandra Pupatello, Mr.Jim Quick and Dr. Jacques Roy.

"I would like to thank Mr. Emerson and the members of the Aerospace Review Advisory Council and the Aerospace Industries Association of Canada for their committed efforts," said Minister Paradis. "Our government is taking steps to ensure that Canada remains at the forefront of the global aerospace industry, and I look forward to thoroughly examining the Review''s recommendations."

Canada''s highly competitive aerospace and space industries are major contributors to our economy. The Canadian aerospace industry is ranked fifth in the world in overall aerospace production, third in civil aircraft production and is well integrated in global value chains. Canada has a number of aerospace clusters, including Montral, Toronto and Winnipeg. In fact, Montral is the third-largest aerospace hub in the world. Canada''s space sector is a sophisticated research and innovation leader, successfully turning investment in knowledge into a global advantage in several niche areas, including robotics and satellite communications.

"Our government''s top priorities remain jobs, growth and long-term prosperity. Canada is a world leader in both the aerospace and space sectors, and we are committed to helping the sector grow and add to the nearly 160,000 direct, indirect and induced jobs the industry supports," added the Minister.

For more information on the Review of Aerospace and Space Programs and Policies, please visit the Aerospace Review website (www.aerospacereview.ca).

Backgrounder

Harper Government Support of Canadian Aerospace and Space Industries

The Harper Government has been a strong supporter of Canada''s aerospace and space industries, taking measures to ensure that our country remains competitive. Canada has a number of aerospace hubs that are home to renowned original equipment manufacturers and primary suppliers as well as small and medium-sized enterprises (SMEs) doing highly advanced, skilled work. Canada also has a proud legacy in space by successfully turning investment in knowledge into a global advantage in several niche areas, including robotics, earth observation and satellite communications.

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Minister Paradis Welcomes the Aerospace Review Report

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