Report calculates impact of defence industry
By Canadian SecurityNews Industry News
Canada's defence industry contributed $6.7 billion in GDP, $10 billion in revenues and 63,000 jobs to the Canadian economy in 2014, according to a new report developed by Science, Innovation and Economic Development Canada and Statistics Canada in collaboration with the Canadian Association of Defence and Security Industries (CADSI).
The report, State of Canada’s Defence Industry, 2014, was launched on the opening day of CANSEC 2016, a defence and security trade show held in Ottawa in late May.
“This study is important for both industry and government,” said CADSI president Christyn Cianfarani. “It is the most detailed and comprehensive study of the Canadian defence sector ever conducted and it confirms that Canada’s defence industry is high wage, export intensive, technology rich and pan-Canadian.”
The report indicates that Canada’s defence industry compensation is 60 per cent higher than the national average. The sector’s export performance is 60 per cent of sales, up from 50 percent in 2011. Engineers, scientists, researchers, technicians and technologists comprise more than 30 per cent of the jobs in the defence industry. Production workers make up another 40 per cent of the defence labour force.
“With the recapitalisation of the Canadian Armed Forces currently underway, the Government of Canada has the opportunity of a generation to make the Canadian defence industry a source of innovation-led growth,” Cianfarani commented.
The full report can be found at: www.madeacrosscanada.ca.
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