May. 26 at 11:31 PM
Airbus is exploring the possibility of manufacturing helicopters in Canada for global exports if it wins upcoming government contracts, Bloomberg reported. The aerospace company, which already employs more than 5,000 people in Canada, sees growth opportunities as the country increases defense spending and strengthens ties with Europe under Prime Minister Mark Carney.
According to Airbus Helicopters executive Olivier Michalon, Canada could become an export hub if industrial projects are tied to future defense deals. The government is pushing to direct more military spending toward domestic production and reduce dependence on U.S. suppliers, while demanding stronger commitments on jobs and investment from foreign companies.
Airbus is currently competing in major helicopter programs involving the Canadian Armed Forces, Coast Guard, and Royal Canadian Mounted Police, and has been discussing local manufacturing and export potential with officials.
$AIR