plans to push harder into the military market, as the biggest global security crisis in decades has Western governments looking to boost their defence spending.
With Russia’s invasion of Ukraine feeding insecurity in Europe, and with tension over Taiwan increasing between the United States and China, defence spending looks poised to increase further. Germany alone has announced plans to invest €100-billion to rearm itself, including by buying new fighter jets.Bombardier manufactures three to six specialized aircraft annually, on average, for government clients, Mr. Martel said. That’s a fraction of the 120 planes it delivered overall last year.
The U.S. is leading the surge in defence spending, analyst Richard Aboulafia, of AeroDynamic Advisory, told the Montreal industry forum Monday.