Boeing Highlights US$3 Billion Benefits In Canada To Support F/A-18 Buy

  • Our Bureau
  • 11:45 AM, October 14, 2016
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Boeing Highlights US$3 Billion Benefits In Canada To Support F/A-18 Buy
Boeing F/A-18 Hornet twin-engine supersonic multirole aircraft

Boeing contributes more than US$3 billion annually to Canada’s economic growth and development, according to a study commissioned by the company.

The study will support Boeing’s development of a tailored industrial engagement plan, through Innovation, Science and Economic Development Canada, related to its offering of the F/A-18 Super Hornet fighter jet to Canada, the company said in a statement Thursday.

The analysis also found that Boeing’s spending in Canada has grown at an average annual rate of nearly eight percent, four times as much as the Canadian economy’s growth rate, and that Boeing will contribute more than US$10 million this year toward the Canadian government’s objectives in science, technology, economic evolution and growth at the province level.

Maria Lane, Defense Space & Security vice president of International Strategic Partnerships said that, this study helps to quantify Boeing’s impact for Canadian industry.

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