Canada’s aerospace and defence sector has long been a major contributor to the country’s economy. Canada’s rich history in aerospace innovation makes it well positioned to lead the way, whether that’s developing new technologies for space flight, more energy efficient airplanes, or platforms that create more productive supply chains.
There may be some challenging times ahead. It could take years before commercial travel and demand for aircraft and related services gets back to pre-COVID-19 levels, while defence budgets, which have remained stable, could come under pressure as countries find ways to reduce debt.
However, adversity often breeds opportunity. There are a plethora of start-ups creating technologies that could make everything from manufacturing to travel to sector-related trade easier to do, while many experts think M&A activity will pick up as larger players buy smaller operations for growth. A broader array of capital market players, including private equity and venture capital, are looking to finance innovation, too.
How we can help
Those that want to evolve along with the industry must work with a legal team that knows this sector. At Osler, we’ve worked with some of the largest companies in the aerospace and defence industry on strategic acquisitions and divestitures, government procurement policies and supply chain arrangements, and we can help businesses understand competition and foreign investment rules, as well as navigate complex employment and intellectual property matters.
With the pandemic impacting this sector more than most, businesses must think about how they can best adapt – and thrive – in this ever-changing industry. Our legal team can help you strategize, understand the key trends, identify opportunities and, most importantly, prepare for what’s to come.