COTA Aviation, an Indigenous business in Parksville that specializes in precision machining, welding and fabrication for the aerospace sector, will be getting a piece of $61 million that Boeing (NYSE: BA) plans to spend in sa国际传媒 as part of the $10 billion P-8A Poseidon contract with the Canadian government.
Boeing’s software division in Vancouver will also get a share of the $61 million to be spent in sa国际传媒
The contracts are part of Boeing’s Industrial and Technological Benefits commitment to sa国际传媒 as part of the P-8A Poseidon contract.
Last year, the Department of National Defence tapped Boeing to produce 16 P-8A Poseidon aircraft for the Royal Canadian Air Force, at a total estimated cost of $10 billion, to replace sa国际传媒’s current fleet of maritime patrol aircraft, the CP-140 Aurora.
The P-8A Poseidon will be a multi-role aircraft capable. It will be a patrol and surveillance aircraft with anti-submarine armaments and detection capabilities. Canadian aerospace companies will benefit from the contract.
Boeing points to economic impact analysis by Doyletech Corporation that estimates the contract will create nearly 3,000 jobs and $358 million annually in economic output in sa国际传媒.
COTA Aviation will receive $13 million to buy advanced manufacturing equipment and for Indigenous skills training. COTA Aviation is a member of the BC Metis Federation and Canadian Council for Aboriginal Business.
“This investment will equip COTA with advanced manufacturing equipment, enhancing their capability and capacity to produce commercial and military aircraft components,” Boeing sa国际传媒 said in a news release. “Additionally, funding will enable COTA to establish a dedicated hands-on aerospace manufacturing training facility.”
“We are proud to partner with Boeing to enhance our training and grow our operations that will shape the future of aerospace in British Columbia,” said COTA Aviation president Dorian Cota.
“These strategic partnerships not only strengthen our aerospace industry, they help ensure sa国际传媒 remains at the forefront of technological advancements, creating high-value career opportunities for generations to come,” said sa国际传媒’s Minister of National Defence Bill Blair.
Boeing will also spend $48 million on Boeing Vancouver, which specializes in aerospace software. Boeing will be spending the money on data analytics technologies, which includes analytics for optimizing aircraft maintenance, sustainability and performance.
