Canada Deepens Space Ties with Europe Through Historic Investment
3 days ago
- #space-technology
- #space-investment
- #Canada-ESA-partnership
- Canada announces a $528.5 million investment in European Space Agency (ESA) programs, a tenfold increase from previous contributions.
- The investment aims to advance Canadian-made space technologies for civilian and defense purposes, strengthening the industrial base.
- Canada's cooperation with ESA provides Canadian companies access to the European space market, boosting exports and economic benefits.
- The investment supports high-value jobs, innovation, and Canada's role in global space partnerships.
- Key areas of focus include satellite communications, Earth observation, space exploration, and space situational awareness.
- Canada's space sector contributed $5.1 billion in revenues and supported nearly 14,000 jobs in 2023.