OTTAWA, March 21, 2013 /CNW/ - The Aerospace Industries Association of Canada (AIAC) is very pleased with measures announced in the Economic Action Plan 2013 released today in Ottawa.

"The measures announced in the 2013 Economic Action Plan constitute an excellent short-term response to the Aerospace Review report released in December," said Jim Quick, President & CEO of AIAC.

The Action Plan specifically addresses several Emerson Report recommendations in what the government qualifies as "early actions in response to the Aerospace Review." These include:

The government also committed to additional action over the coming year to "improve the focus and coordination of federal programs and practices."

"AIAC and its member companies look forward to supporting this government work, particularly with respect to the space industry," said Mr. Quick, noting, "Canada's global success depends on the development of innovative technologies and securing sales in this highly competitive global industry. Supportive and well-implemented government programs are critical."

Other positive Action Plan measures deemed to have a significant positive impact for the Canadian aerospace industry include the use of key industrial capabilities for military procurement, small business incentives, skills development, domestic financing, technology development and demonstration.

"AIAC supports the Government of Canada's strategy to reduce the federal deficit through spending discipline, and by encouraging economic growth geared towards exports, investment and innovation," said Mr. Quick. "We thank the government for making aerospace growth a priority. Our industry is keen to play its part by making strategic technology investments and creating even more highly skilled jobs for Canadians."

AIAC is the national association representing Canada's aerospace manufacturing and services sector. As the world's fifth-largest aerospace industry, Canada's aerospace sector generates more than $22 billion, exports 80% of its output, and dedicates over 20% of its activity to research and development (R&D). Aerospace is responsible for the employment of 160,000 Canadians. AIAC represents the interests of over 700 aerospace companies across Canada.

SOURCE: Aerospace Industries Association of Canada

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Economic Action Plan 2013 Delivers for Canadian Aerospace