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Boeing to invest USD70 million in Wisk Aero’s Canadian operations

Boeing has announced plans to invest in several Québec-based enterprises, including Wisk’s Montreal-based engineering centre focused on the development of its autonomous, electric, 4-passenger eVTOL air taxi.

“The investments are part of Boeing’s Industrial and Technological Benefits commitment to Canada for its selection of Boeing’s P-8A Poseidon to fulfil its long-term multi-mission aircraft role” according to the press release.

“The Government of Canada announced its decision to acquire the P-8A Poseidon aircraft in November 2023 as part of the Canadian Multi-Mission Aircraft project. Boeing’s investments in Québec build on more than CAD2 billion in P-8 contracts with Canadian companies to date, contributing jobs, and economic growth across the country. According to an independent study by Ottawa-based Doyletech Corporation, the purchase will generate benefits of nearly 3,000 jobs and CAD358 million annually in economic output to Canada.”

“This announcement is all about Canada’s economic benefits policy at work. It’s not just about procuring Boeing’s P-8 Poseidon. With this state-of-the-art Aerospace Development Centre, Canada will also benefit from Boeing’s strategic investments in leading Canadian firms,” said the Honourable François-Philippe Champagne, Canada’s Minister of Innovation, Science and Industry. “Coupled with Québec‘s Innovation Zone, this will attract top-tier industry players, creating good jobs and countless opportunities.”

“Boeing’s continued support of our Montreal engineering hub is a testament to the important work we’re already doing here in Canada,” said Sebastien Vigneron, Wisk’s Senior Vice President of Engineering and Programs. “This is a tremendous opportunity to expand our team, tap further into the exceptional aerospace talent in Québec, and bring us one step closer to making our mission of bringing safe, everyday flight to everyone a reality.”

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(Image: Wisk Aero)

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