Boeing Invests in Vac Aero as part of CP8A Poseidon ITB Requirements
Press Release + Noah Note
Boeing purchases new modern heat treatment capabilities
New vacuum furnaces will support multiple Boeing airplane programs
Boeing is committing $7 million CAD to Vac Aero International Inc., a Canadian aerospace and defence supplier with sites in Ontario and Quebec, as part of the CP8A Poseidon Industrial and Technological Benefits (ITB) program. With this commitment, Boeing will purchase two vacuum furnaces for Boeing’s Tube, Duct and Reservoir Center in Algona, Washington. The vacuum furnaces will support Boeing’s aerospace manufacturing operations by heat treating tube and duct assemblies critical to various Boeing airplane programs.
“We’re pleased to support Vac Aero with the purchase of this new equipment for our Fabrication facility, which serves our commercial programs and select space and defence work,” said Al Meinzinger, President of Boeing Canada. “This ITB investment underscores Boeing’s commitment to Canada following the CP8A Poseidon selection and to modern manufacturing and Canadian small businesses in our global supply chain.”
Boeing has successfully completed over $15.5 billion CAD in ITB programs in the last 40 years, with significant investments announced recently across Canada.
“This Boeing purchase commitment allows us to further expand Vac Aero’s Canadian manufacturing capacity. We will be able to better support our aerospace and defence customers in Canada, North America and beyond,” said Michael Miasek, CEO of Vac Aero.
The CP8A Poseidon ITB program is bringing significant economic benefits to Canadian organizations, with over 80 suppliers across the country supporting production. Each of the 170+ P-8 aircraft in operation globally contains approximately $11 million CAD worth of Canadian content, contributing to over $2 billion CAD in contracts with Canadian companies.
“Canada’s ITB Policy is delivering real economic results. Vac Aero’s partnership with Boeing will boost manufacturing capacity, create high-quality jobs, and strengthen Canada’s defence industrial base,” said the Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions. “Investments like this reinforce Canada’s industrial strength and position our companies for long-term success.”
The CP8A ITB program is anticipated to support approximately 3,000 jobs and add $358 million CAD to Canada’s economy annually over the next decade.
“This $7 million investment by Boeing in Vac Aero is a strong vote of confidence in Ontario’s advanced manufacturing sector and the skilled workforce here in Burlington and across our province,” said Effie J. Triantafilopoulos, MPP for Oakville North-Burlington. “By expanding vacuum furnace capacity and strengthening participation in the CP8A Poseidon ITB program, this partnership will help drive innovation, create good-paying jobs, and reinforce Ontario’s role as a key player in the global aerospace supply chain. Our government will continue to support investments that grow our economy and ensure Ontario remains a destination of choice for cutting-edge manufacturing.”
Noah Note: Boeing slowly working through their commitments lol. Vac Aero is a company many won't hear often, however from.my limited knowledge of them they maintain a good rep and are apparently have a quality reputation, so congratulations to them.
I dealt with Vac Aero for years. I’ve bought a furnace from them, sent them a tonne of heat treat work, and had them coat probably millions of parts over the years, and they were fantastic at all of it. A great deal for everyone involved!