Boeing to invest $240 million in Québec-based aerospace

Source | Wisk Aero

Boeing (Arlington, Va., U.S.) has announced plans to invest in several Québec-based enterprises. This includes a $110 million anchor investment for an Aerospace Development Centre in the new Espace Aéro Innovation Zone, $95 million investment in Wisk Aero’s (Mountain View, Calif., U.S.) autonomous, electric, four-passenger electric vertical takeoff and landing (eVTOL) aircraft development and $35 million toward advanced landing gear research with Héroux-Devtek (Longueuil, Canada).

“Quebec’s aerospace capabilities are recognized worldwide, and we are excited to partner with the province on new initiatives that will generate cutting-edge technologies, drive economic growth and support the decarbonization of aviation,” says Dr. Brendan Nelson AO, president of Boeing Global. “These investments serve as a testament to Canada’s aviation leadership and exemplify Boeing’s commitment to the country, where we have been driving innovation and fostering collaboration across the nation for over a century.” 

Canada’s government announced its decision to acquire the P-8A Poseidon aircraft in November 2023 as part of the Canadian Multi-Mission Aircraft project. Boeing’s investments in Québec build on more than $2 billion in P-8 contracts with Canadian companies to date, contributing jobs and economic growth across the country. According to an independent study by Ottawa-based Doyletech Corp., the purchase will generate benefits of nearly 3,000 jobs and $358 million annually in economic output to Canada.