Boeing, Government of Canada, Industry Partners Celebrate Industrial and Regional Benefits Program
- The C-17 Strategic Airlift Acquisition program is completed one year early
Ottawa, Ontario, Canada, October 10, 2016 - At a recent event in Ottawa, Boeing [NYSE: BA] confirmed it had successfully completed a $749 million Industrial and Regional Benefits (IRB) commitment tied to Canada’s purchase of C-17 Globemaster III airlifters one year ahead of schedule.
Boeing leaders were joined by Parliamentary Secretary for Innovation, Science and Economic Development (ISED) Canada Greg Fergus as well as representatives from ISED, Members of Parliament, the Department of National Defence, Public Services and Procurement Canada, and industry partners.
The program was part of an agreement between Boeing and Canada tied to the 2007 Royal Canadian Air Force contract for four C-17 Globemaster III aircraft. In total, the program involved 61 companies, including 21 small and medium enterprises, from eight Canadian provinces. The 61 companies received work placements and research and development partnerships.
“We have been partners with Canada for more than 97 years, and the successful completion of this program demonstrates that we are committed to Canada, to keeping our promises and to delivering meaningful opportunities to companies of all sizes from coast to coast to coast,” said Maria Laine, Boeing director of International Strategic Partnerships for Defense, Space & Security.
Boeing has demonstrated its commitment to working with Canadian companies under the government’s IRB program and the current Industrial and Technological Benefits program, having successfully completed more than US$6.7 billion of projects in Canada with another US$2.9 billion in high-value programs currently under way. Plans to meet or exceed Boeing’s remaining commitments are currently in place and will involve 100 percent Canadian Content Value for all current and future procurements, value proposition elements, regional diversity, small-medium business growth, in-service support in Canada, innovation and technology collaboration, and export assistance.
Canada is home to one of the largest international supplier bases for Boeing – including more than 560 suppliers spanning every region of the country. Boeing and its subsidiaries operate from 13 locations throughout the country and employ approximately 2,000 highly-skilled Canadian workers.