A recent report has highlighted the strength and significant economic impact of the aerospace sector in Mississauga. This joint annual report just released by Aerospace Industries Association of Canada (AIAC) and Innovation, Science and Economic Development Canada (ISED) on the state of Canada’s aerospace industry finds that it exceeds the national average in salaries paid to employees, worker productivity, and diversity of export markets for its products compared with other manufacturing sub-sectors.
The report covers the 2015 calendar year and some of its key findings include:
- Average compensation per employee in aerospace manufacturing is 60% above the national average in manufacturing salaries and wages.
- 80% of aerospace manufactured products are exported, and its export markets are twice as trade diverse than the manufacturing sector average. This means the aerospace industry has greater reach into non-US markets than other industries.
- Occupations relating to innovation including engineers and scientists comprise over 30% of the aerospace industry’s direct employment which demonstrates how it is leading in the promotion of the Canadian innovation agenda.
Mississauga’s aerospace sector continues to spur growth and innovation due to its dynamics of extraordinary environment, business community and exceptional talent. This integrated and expanding sector allows for sharing of resources and ongoing opportunities for convergence and synergies for further innovation. Mississauga’s aerospace cluster is comprised of airlines, aerospace manufacturing, airport services and support services for aerospace manufacturers. Together they create the number one aerospace cluster in Canada.
To learn more about Mississauga’s aerospace sector, click here
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