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  1. 1. Aerospace Cluster<br />By Andre B<br />
  2. 2. About Clusters<br />As defined by Michael Porter a cluster is defined as a concentration of companies and industries in a geographic region, which are interconnected by markets they serve, and the products they produce, as well as the suppliers, trade associations and educational institutions.<br />
  3. 3. News and Info on Aerospace <br />
  4. 4. GTA Aerospace Cluster<br />Toronto is a centre for commercial aircraft manufacturing and systems integration with a proud history of technology leadership. The regional aircraft designed and built here help link communities around the world. Local innovators developed breakthrough satellite technology that has enhanced communications globally.<br />
  5. 5. Bombardier reports lower Q4 profit<br />The world’s No. 1 passenger train maker and No. 3 civil aircraft manufacturer earned $179 million, or 10 cents a share, in its fourth quarter ended January 31. That compares to $312 million, or 17 cents, a year earlier. Sales fell to $5.35 billion from $5.43 billion.<br />
  6. 6. Canadian Aerospace Industry praises the federal government<br />The Aerospace Industries Association of Canada (AIAC) is pleased that the federal government has recognized Space as a strategic sector for Canada. The government‘s understanding of the important role that Space technologies can play in meeting its priorities is very positive for our industry.<br />
  7. 7. McGuinty Government Helps Ontario Companies<br />Ontario is helping the Ontario Aerospace Council match Ontario’s leading-edge, innovative companies with global aerospace leaders. The Council is hosting On the Wings of Innovation 2010 in Windsor, June 4-6th. The goal of the event is to push the boundaries of aerospace technology and spark new ideas that lead to market-driven solutions. The province is contributing $250,000 to support the event.<br />
  8. 8. AÉRO MONTRÉAL WELCOMES QUÉBEC GOVERNMENT’S SUPPORT<br />Aéro Montréal, the aerospace cluster of Metropolitan Montréal, welcomes today’s announcement by Mr. Raymond Bachand, Québec’s Minister of Finance, regarding financial support for industrial demonstration projects related to “green” aircraft. A global budget of $150 million over four years for Quebec’s aerospace industry will promote the development of aeronautical technologies of the future and help increase its competitiveness internationally.<br />
  9. 9. Magellan Aerospace reports fourth-quarter profit falls<br />Magellan Aerospace Corp. said March 26th it earned $2 million in its latest quarter, down from $7.4 million a year ago. The maker of aircraft parts said the profit amounted to five cents per diluted share for the quarter ended Dec. 31 compared with a profit of 39 cents per diluted share a year earlier.<br />
  10. 10. PM highlights Canada as a top investment destination<br />Kongsberg is a world leader in defence and aerospace technologies.  The new facility is expected to directly create up to 100 jobs in the London area, with a further 500 jobs through supplier activity.  These high-tech jobs will strengthen Canada’s manufacturing and defence sectors as well as the larger research community.<br />
  11. 11. Aerospace Industry Size and Composition<br />The Ontario aerospace industry is 2nd largest in Canada, and is concentrated strongly in the GTA. Approximately 70% of Ontario employment (16,000) or 21% of Canadian employment.<br />
  12. 12. The End<br />