Boeing Commits $85M To New Canadian Innovation Zone Espace Aéro

Boeing (NYSE: BA) today announced that it would be investing around $85 million in Quebec’s new aerospace innovation zone, which will be named Espace Aero, and other industrial development and competitiveness programs in the Montreal area. These programs are receiving funding from Canada’s Industrial and Technological Benefits programs, and they are tied closely to the procurement of the P-8A Poseidon. The MOA formalizes long-term collaborations across Espace Aero’s hubs (including Montreal, Mirabel, and Longueuil) to accelerate decarbonization processes across the region.