$1.12B in Canadian deals at Paris air show
Canadian aerospace firms declared major deals during the International Paris Air Show today, including Bombardier ($1 billion), and Héroux-Devtek ($70 million).
PARIS: Canadian aerospace firms announced millions of dollars worth of business during the 49th International Paris Air Show this week, including two deals by Bombardier Aerospace ($400 million and $650 million), one by Héroux-Devtek Inc. ($70 million), and a strategic collaboration involving Aéro Montréal and Aerospace & Defense Research Collaboratory in the US.
AVWest of Australia has placed orders for four of Bombardier’s Global 7000 and two Global 8000 ultra long-range jets. Two of the orders were placed earlier this year. The total value of the order is US$400 million.
The more aerodynamic Global aircraft are powered by next-generation GE Passport 16,500 lb.-thrust-engines, which reduce NOx emissions 50% below the upcoming Civil Aircraft Emissions Protocol (CAEP-6) regulations an they’re 14% more fuel-efficient than conventional long-range jets.
VistaJet of Switzerland, a privately owned luxury airline, also ordered 10 Global 8000 jets in a deal worth $650 million.
Héroux-Devtek Inc. has won a seven-year contract potentially worth $70 million fromLockheed Martin Aeronautics Co. to manufacture the landing gear for C-130J Super Hercules aircraft.
The Longueuil, Que.-based manufacturer of aerospace and industrial products will make and assemble the landing gear for Lockheed Martin’s global production of C-130J aircraft and provide spare parts over a seven-year period beginning in January next year.
The 17 aircraft were ordered by the Government of Canada and Héroux-Devtek expects worldwide orders to ramp up short to mid-term production.
Aéro Montréal and Aerospace & Defense Research Collaboratory signed a strategic collaboration deal at the show to foster stronger ties between Quebec and the Arizona aerospace and defense industries.
Aéro Montréal, the aerospace cluster in the Montreal area, and the Aerospace & Defense Research Collaboratory (led by Arizona State University) will share information about local and international projects and programs; exchange information about training, conferences and seminars; organize joint economic missions or broker meetings for the members of both clusters; and to define mutual research projects for members of both organizations.
“This is a real opportunity for the sector to benefit from the expertise of a foreign research partner and to build bridges and forge alliances with companies and research centers in Arizona,” said Clément Gignac, Québec’s minister of economic development, innovation and export trade.
“Canada and Arizona have roughly $2 billion dollars of trade in the aerospace and defence sector. We want to see that trade grow.”