Manufacturing for U.S. – Canadian Aerospace Corridor
In 2013 the Vermont Chamber signed a Memorandum of Understanding (MOU) with Aéro Montréal, a strategic think tank for Québec’s aerospace cluster, at the 4th edition of Aéro Montréal’s International Aerospace Innovation Forum in Montréal.
The vision and mission of the MOU and partnership is to create a Vermont – Québec Aerospace Trade Corridor and facilitate the flow of supply chain contacts and opportunities between Vermont and Canada. The $28 billion Canadian aerospace industry is the fifth largest in the world and is home to renowned aerospace OEMs, including Airbus Americas, Bombardier, Bell Flight, CAE, GE Canada, Héroux-Devtek, and Pratt & Whitney Canada. As part of the Canadian aerospace industry, the Québec aerospace cluster represents more than 43,000 skilled workers, more than 220 businesses and revenues of $17.8 billion. Most Canadian companies source over 50% of their aerospace parts from the U.S. Canada is also a major exporter and exports 80% of its aerospace production.
Vermont, in return, offers Canada access to the state’s $2 billion aerospace manufacturing and civil aviation industry and supplier base with proven chain capabilities in precision machining, maintenance, repair and overhaul (MRO), landing gear, fuel gauging, sensors, sensing systems, and electronics for aerospace and aviation applications. Vermont’s close proximity to Canada is also a competitive gateway with access to the entire North American market and large government contractors in both the U.S. aerospace and defense industries. The global aerospace parts manufacturing market size was estimated at $851.5 billion in 2021.
The Aerospace Trade Corridor is now extended to Connecticut aerospace, in partnership with Aerospace Components Manufacturers (ACM) and home to a workforce of 91,500 and industry aerospace OEMs, including United Technologies Corporation (UTC), Pratt & Whitney, Sikorsky and KAMAN Aerospace, and expanded to Ontario aerospace and defense in partnership with the Ontario Aerospace Council, representing a $6 billion aerospace sector, formalized with an MOU Signing at the virtual 2021 Manufacturing Summit.