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Boeing contributes more than $3 billion to Canada every year

Staff Writer |
Boeing contributes more than $3 billion annually to Canada’s economic growth and development, according to a study commissioned by the company.

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Through its operations in Winnipeg and elsewhere, along with direct and indirect economic effects, Boeing supports more than 17,000 jobs across Canada according to the study done by Doyletech Corporation.

The analysis also found that Boeing’s spending in Canada has grown at an average annual rate of nearly eight percent, four times as much as the Canadian economy’s growth rate, and that Boeing will contribute more than $10 million this year toward the Canadian government’s objectives in science, technology, economic evolution and growth at the province level.

Doyletech, a Canadian strategic management consultancy, examined Boeing’s contribution to the Canadian economy through three different areas.

Boeing as an “Agile Producer,” direct and indirect contributions to Canada’s science policy and national science and technology objectives through Doyletech’s EconWin economic impact model; and estimated direct, indirect and induced spending and jobs related to Boeing operations and supply chain in Canada.

Boeing formally opened a new composite center on its St. Louis campus that will house the company’s largest commercial aviation work statement ever placed at the site.

The center is a visible representation of the company’s efforts to diversify and grow its St. Louis-area operations.

The 424,000-square-foot facility will initially build composite parts for the company’s newest commercial jetliner, the 777X. Boeing has committed more than $300 million in company funds to construct and outfit the center.


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