Budget Good for Canada's Aerospace & Defence Sectors
The review process is expected to take 12-18 months and the government has said it will provide stable funding for its Strategic Aerospace and Defence Initiative (SADI) during the review.
"This is a great day for Canadian Aerospace" said Claude Lajeunesse, President & CEO of AIAC. "Thanks to the Government's vision, we will be in a better position to take advantage of the outstanding forecasted growth of this sector and create value added jobs throughout Canada". AIAC looks forward to working with the Government to make the improvements to these programs and policies.
The Canadian Association of Defence and Security Industries (CADSI) expressed its support of the Conservative government’s commitment to achieve maximum domestic industrial participation and jobs in Canada from defence spending.
“This Budget is good news for Canada’s defence and security industries. What has been missing is a policy ‘top cover’ to enable federal decision-makers to achieve the mutually re-enforcing objectives of getting the right equipment for the military and contributing to the competitiveness of the economy and the growth of knowledge-based jobs in Canada”, said CADSI President Tim Page.
Dave Stapley, CADSI Chairman added that “CADSI looks forward to achieving the government’s objective by working with it to build on the recommendations contained in our December, 2009 report to the government on military procurement, notably as it relates to the creation of a defence industrial strategy aligned to the Canada First Defence Strategy and to market opportunities; and, to specific improvements to the defence procurement process”.