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Canada Rocket Company Announces Investment in Ontario Rocket Engine Test Facility

Canada Rocket Company is establishing a $30-million rocket engine test facility in London, Ontario. The facility aims to enhance Canada's launch capability and is expected to create around 1,000 jobs and generate over $1 billion in economic investment in the next decade. The project is part of a broader objective to launch a medium-lift rocket into orbit by 2032.

25 days ago • 6 Canadian Sources Corroborated
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Canada Rocket Company (CRC) has unveiled plans for the construction of Canada's first large-scale rocket engine test facility in London, Ontario. This initiative represents a significant $30-million investment aimed at bolstering the country's aerospace capabilities. Named after Jeremy Hansen, the first Canadian astronaut to orbit the moon, the facility is strategically located at the London International Airport and is expected to be operational as part of a long-term program that aims to launch a medium-lift rocket into orbit by 2032.

The development of this facility is projected to create approximately 1,000 jobs and generate over $1 billion in economic investment over the next decade, signifying a substantial boost for the local and national economy. The entire process from startup to the eventual rocket launch is estimated to take around seven years and will involve an expenditure surpassing US$600 million. The investment aligns with broader objectives to enhance Canada's position within the global aerospace market, focusing on technological advancements and increased launch capabilities.

This project has garnered attention from various stakeholders within the aerospace industry, highlighting Canada's growing ambition in the field of space exploration and development. The establishment of this facility is viewed as a pivotal step towards advancing Canada's space program and facilitating future launches while creating local economic opportunities.

Analyzed Canadian Outlets (6)

6 headlines

Aerospace firm plans $30M rocket engine test facility in London - London Free Press
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Canada Rocket Co. to invest $30-million in Ontario engine-testing facility
1 outlet
Canada Rocket Company Building Canada’s First Large-Scale Static Rocket Engine Test Facility
1 outlet
Canada Rocket Company breaks ground at $30M test facility in London, Ont. - cbc.ca
1 outlet
Canadian company to build country’s first rocket engine test facility
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Ground broken on $30 million rocket test facility at London Airport
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