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.

This move will further expand Boeing's presence in the region, deepening local supply-chain opportunities. Governments across the board have hailed the move as reinforcing Quebec's status as a global aerospace hub, on

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