Shipbuilding is one of Canada’s oldest manufacturing industries. Today, the manufacturing of ships, submarines, components, and ship-borne electronic systems generates $3.1 billion in sales revenue each year and employs 11,000 Canadian workers. About 40% of those workers work in manufacturing specifically, while the rest work in research, engineering, and areas of the industry.
Unlike many other major Canadian manufacturing industries, the shipbuilding industry operates mainly domestically. Domestic sales account for 59% of all revenue, and 85% of firms operate only within Canada.
It is also an industry that relies heavily on government partnership. Of the domestic revenue of ship and industrial marine manufacturing, 52% is related in some way to the Canadian federal government. The industry benefits from subsidy programs and export development grants.
While the glory days of Canadian shipbuilding are behind us, the industry’s manufacturing capacity is higher now than ever before.