National DefenceRelated Readings

Economic Impact of Canada’s Defence Industry

By May 26, 2016 No Comments

(Until July 31, 2016,  The Department of National Defence (DND) is hosting public consultations in the development of a new defence policy for Canada. All Canadians are asked to contribute their opinions and many key stakeholders to discuss three fundamental areas:The main challenges to Canada’s security; The role of the Canadian Armed Forces (CAF) in addressing current threats and challenges; The resources and capabilities needed to carry out the CAF mandate)

(Originally posted by The Canadian Association of Defence and Security Industries on May 25, 2016)

New Report Highlights Critical Economic Impact of Canada’s Defence Industry

Ottawa, Ontario, 25 May 2016 –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) on behalf of the Canadian Defence Industry.

The report, State of Canada’s Defence Industry, 2014, was launched on the opening day of CANSEC 2016, Canada’s global defence and security trade show at the EY Centre in Ottawa.

“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 over 30 per cent of the jobs in the defence industry, which highlights the innovative nature of the sector. Production workers make up another 40 per cent of the defence labour force.

The full report can be found at: www.madeacrosscanada.ca.

The Canadian Association of Defence and Security Industries (CADSI) is the national industry voice of more than 700 Canadian defence and security companies that produce world-class goods, services and technologies made across Canada and sought the world over. The industries contribute to the employment of more than 63,000 Canadians and generate $10 billion in annual revenues, roughly 60 per cent of which come from exports. To learn more, visit www.defenceandsecurity.ca and follow us on Twitter at@CadsiCanada.

Leave a Reply