In 2017, the industry contributed close to C$25 billion to the Canadian economy and employed almost 190,000 Canadians in well-paying middle-class jobs.
At the airshow, Minister Bains, together with the Honourable Carla Qualtrough, Minister of Public Services and Procurement, the Honourable Marc Garneau, Minister of Transport, and David Lametti, Parliamentary Secretary to the Minister of Innovation, Science and Economic Development, will meet with a number of key Canadian and international aerospace stakeholders from July 15 to 17, 2018.
Minister Bains will officially inaugurate the Canadian Pavilion at the airshow on Monday, July 16, where he will highlight Canada's global excellence in the production of civil airplanes, flight simulators, helicopters and engines to potential buyers and position Canadian firms for supply chain integration and investment.
Also on Monday, July 16, ministers Bains, Garneau and Qualtrough will participate in a fireside chat hosted by the Aerospace Industries Association of Canada, during which they will promote Canada as a premier destination for global aerospace investment.
"Transportation plays a major role in Canada's economy. Events such as the Farnborough International Airshow give us a great opportunity to stand beside our Canadian companies and meet with key stakeholders in the aerospace industry, says Garneau.
"I look forward to supporting their efforts in securing business opportunities. Together, we will demonstrate Canada's knowledge and expertise to the world."
Canada's aerospace industry is the number one manufacturing R&D player, with an annual investment of C$1.7 billion.
In 2017, close to 75% of aerospace manufactured products were exported.
The aerospace industry is one of Canada's leading exporters, with parts, such as engines, avionics and landing gear, making up more than 60% of exports.
Farnborough International Airshow is a global showcase for the aerospace industry that attracts over 1,500 exhibitors from more than 52 countries.
In 2016, orders and commitments made at the show totalled over $124 billion.