Watch Out, ADM Aéroports de Montréal, Espace Aéro and Aéro Montréal announce the opening of a new R&D and assembly center for autonomous micro-factories piloted by AI within the YMX Innovation Center. Français
Paris Air Show – Le Bourget 2025
PARIS, June 18, 2025 /CNW/ - At the Paris Air Show, Watch Out, ADM Aéroports de Montréal, Espace Aéro, and Aéro Montréal announce the opening of a new research, development, and assembly center within the YMX Innovation Center, located at YMX International Aerocity of Mirabel.
This site will be operated by Watch Out, a Quebec-based builder of autonomous micro-factories piloted by AI and designed to manufacture precision parts for the aerospace, defense, and advanced industries sectors. It brings Watch Out Group's total investment in Quebec since 2023 to CAD 30 million.
By year-end, the YMX site will be equipped with micro-factories dedicated to R&D programs led by Watch Out and its partners, notably to expand the micro-factory's scope to new sectors and to test new algorithms developed by Watch Out's Canadian teams. A pilot assembly line will also be installed to assemble the first Quebec-made micro-factories, with a preference for sourcing components from Canadian companies. Three initial suppliers have already been selected and have received orders from Watch Out.
" The opening of this new research, development, and assembly center in Mirabel is yet another example of Québec's leadership in the aerospace sector. I am confident that it will further showcase Québec's ingenuity and leadership in technological innovation and artificial intelligence across future-oriented industries." Christine Fréchette, Minister of Economy, Innovation and Energy, Minister Responsible for Regional Economic Development, and Minister Responsible for the Metropolis and the Montréal Region
"The YMX Innovation Center is an ideal place to strengthen our collaborations with the Canadian aerospace ecosystem. We are very proud to be a driving force in the next technological transformation of Quebec's manufacturing industry." Sébastien Laporte, Founder and CEO of Watch Out
"ADM is delighted to welcome this new research, development, and assembly center, led by our partner Watch Out, to its YMX site. This marks the beginning of a major collaboration between two players committed to being agents of change for the future of the aviation industry. This agreement reaffirms our Aerocity's mission to host high-tech projects, and we are proud to contribute to the growth and influence of this locally based company." Yves Beauchamp, President and CEO of ADM Aéroports de Montréal
"The establishment of Watch Out within the Mirabel Innovation Center confirms the relevance of Espace Aéro as a strategic hub for breakthrough technologies in aerospace. This project strengthens our mission: to create an environment that fosters experimentation, collaboration, and the industrialization of solutions that will transform advanced manufacturing in Québec." Pascal Désilets, Executive Director of Espace Aéro
"The deployment of autonomous micro-factories in Mirabel is a concrete response to the productivity and labour shortage challenges facing our entire industry. This project also brings major opportunities for Québec's defence industrial base, enabling it to gain agility, performance, and technological sovereignty. It embodies the future of smart manufacturing in support of strategic sectors." Mélanie Lussier, President of Aéro Montréal
An expanding industrial footprint in Quebec
Since 2023, Watch Out has been building a complete industrial ecosystem in Quebec:
2023: opening of a precision aerospace machining workshop in Dorval, supported by Investissement Québec and Canada Economic Development
2024: creation of an AI team in Montreal, in partnership with MILA
2024: establishment of the Group's headquarters, management, and support functions in Montreal
2025: integration of three Quebec-based suppliers into Watch Out's supply chain
2025: opening of the Mirabel site
Watch Out micro-factories: a revolution for aerospace supply chain
Watch Out is the first company to offer an autonomous micro-factory powered by AI and designed to produce high-precision metal parts for aerospace, defense, and medical sectors.
These micro-factories are designed to address the critical labor shortage while delivering a leap forward in quality, cost, and environmental footprint.
LISI Aerospace, a global leader in aerospace fasteners and strategic investor in Watch Out, already operates an autonomous workshop of nine Watch Out micro-factories at its European site in Saint-Ouen.
About
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Vancouver Sun
24 minutes ago
- Vancouver Sun
Letters to The Sun: Community services not keeping up with development in Vancouver
Being a long-time Vancouver resident, I've seen the evolution of the city firsthand. There are so many amazing attributes to enjoy and be proud of, but the current direction of city council and development at all costs is not one of them. They work to build more housing — great, but then delay the needed investments in renewals for community services and amenities, which is a travesty. Add 24,000 people to the old Jericho lands, 64,000 people to the Broadway corridor, three towers at Commercial and Broadway, perfect. A replacement 50-metre pool at the Vancouver Aquatic Centre, I don't think so. A new Britannia Community Centre, delay that. More park and recreation amenities, no, let's just cram the people in. Given this current trajectory, the Vancouver of tomorrow will be a far cry in terms of livability from what people know today. Start your day with a roundup of B.C.-focused news and opinion. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Sunrise will soon be in your inbox. Please try again Interested in more newsletters? Browse here. Levi Higgs, east Vancouver B.C. Ferries announced on June 10 that the bidding process to replace four aging vessels resulted in contracts going to China Merchants Industry Weihai Shipyards. Since then, loud accusations have come from all corners and levels of British Columbia's political spectrum, with many incendiary comments from professional pundits and members of the public. Many declare that the vessels should be built in Canada, although no Canadian yard answered the invitation to bid. Then come claims that China is untrustworthy in trade tariffs and international politics. Some dissenters worry about the quality of steel used in Chinese shipyards, along with perceived lack of expertise of welders and other trades. Having spent a large chunk of my life working on freighters and tankers criss-crossing the oceans, it's amazing to hear so much negative rhetoric from those who should know better. Hardly ever mentioned is that China has been the world's leading commercial shipbuilder for many years, and is far more cost-competitive than anywhere else. Latest figures show China accounting for 62 per cent of global shipbuilding orders. China produces and delivers to all parts of the world just about everything used in our daily lives, from vehicles to appliances to electronics, and everything in between. China manufactures the goods and builds the ships to transport them — they also build huge gantry cranes that load and discharge containers at ports worldwide. These cranes arrive from China on purpose-built heavy-lift vessels, of course. Recently, U.S. President Donald Trump blustered that he would revitalize the shipbuilding in the U.S., but industry experts advise that it is five times as expensive to build comparable ships in America than in China. I rest my case. Bernie Smith, Parksville British Columbians should be concerned about the B.C. government's reported plan to purchase ferries from a Chinese state-linked shipyard. This raises serious ethical and security concerns, especially given China's increasingly aggressive behaviour in the Indo-Pacific, including its harassment of neighbouring countries and threats to regional stability. Just last year, Canadian naval vessels were confronted by Chinese warships in international waters near Taiwan. It would be troubling for B.C. to direct public funds to a shipbuilder linked to a regime known for threatening peace and democracy. There are also cybersecurity risks. Modern ferries are not just mechanical — they rely on embedded digital systems that could be vulnerable to interference, particularly if sourced from authoritarian states. Premier David Eby should cancel the deal and commit to sourcing from democratic countries instead. Public infrastructure should reflect our values and protect our security, not compromise them. Gabriel Yiu, Vancouver Re: Alberta minister 'optimistic' B.C. tanker ban will be lifted During a visit to Prince Rupert, Alberta's minister of transportation and economic corridors, Devin Dreeshen, questioned why there is a ban on oil tanker ships to and from that port but no ban on similar ships at the Port of Vancouver. Dreeshen is too young to remember the Exxon Valdez oil spill that fouled the northwest coast. The moratorium is its legacy. Nevertheless, Dreeshen pointed out that American oil tanker ships routinely carry Alaskan crude oil down the west coast. I wonder if the diluted bitumen from Alberta poses more of an environmental risk in the event of a tanker spill than a spill of Alaskan crude oil? After passing new legislation to expedite national projects, I expect the new Mark Carney federal government will lift the northwest oil shipping ban by pledging to expand the 'world class' emergency response infrastructure at the Port of Vancouver to include the Port of Prince Rupert. Derek Wilson, Port Moody
Cision Canada
35 minutes ago
- Cision Canada
House of Commons passes One Canadian Economy Act Français
OTTAWA, ON, June 20, 2025 /CNW/ - Canada's new government has a mandate to build big, build bold, and build now. Today, the Prime Minister, Mark Carney, welcomed the passing in the House of Commons of Bill C-5, One Canadian Economy Act. The legislation will build one strong Canadian economy by: Removing federal barriers to internal trade and labour mobility, helping goods, services, workers, and businesses move freely across provinces and territories. Expediting nation-building projects that will connect and transform our country and unleash economic growth while ensuring environmental protections and Indigenous rights are upheld. Working with Indigenous Peoples through consultation and engagement to build shared prosperity. Taken together, these measures will create and connect Canadians to good-paying careers and more prosperity. The Prime Minister shared an update on this work with the premiers of the provinces and territories during their meeting earlier today. The leaders agreed to stay in close contact as they reinforce Canada's strength at home. Indigenous partnership is a critical component of this legislation, and fulsome consultation will be pivotal to the success of future projects. The Government of Canada is committed to respecting the rights of Indigenous Peoples recognized and affirmed by section 35 of the Constitution Act, 1982 and the rights set out in the United Nations Declaration on the Rights of Indigenous Peoples. To this end, Prime Minister Carney will be meeting with First Nations, Inuit, and Métis over the coming weeks. Bill C-5 now moves to the Senate for consideration and brings us one step closer to removing federal barriers to free trade by Canada Day. Quotes "Today's passing of Bill C-5, One Canadian Economy Act, will remove trade barriers, expedite nation-building projects, and unleash economic growth, with Indigenous partnership at the centre of this growth. It's time to build big, build bold, and build now. As Canadians, we can give ourselves more than any foreign nation can ever take away." — The Rt. Hon. Mark Carney, Prime Minister of Canada "The adoption of Bill C-5 by the House of Commons is a crucial step in building one Canadian economy and getting big projects built faster. Thank you to colleagues who supported this legislation – you are helping build a stronger Canada." — The Hon. Dominic LeBlanc, President of the King's Privy Council for Canada and Minister responsible for Canada-U.S. Trade, Intergovernmental Affairs and One Canadian Economy "This legislation is about building a stronger, more united Canada. Let's build trust, tear down internal trade barriers, and create one single economy – from coast to coast to coast. Together, we're building a stronger Canada, for everyone." — The Hon. Chrystia Freeland, Minister of Transport and Internal Trade "I am pleased to see the One Canadian Economy Act achieve this milestone. This Act means we are no longer asking 'Why build?', but instead 'How do we get it done?'. We are removing barriers, leveraging Canada's resources and talented workers, centring Indigenous consultation and equity, and continuing to fight climate change – all to get building and to become an energy superpower. In the new economy we are building, Canada will be defined by delivery, not delay." — The Hon. Tim Hodgson, Minister of Energy and Natural Resources "Indigenous Peoples' voices are at the table where discussions are happening, and decisions are made. This government understands that Indigenous Peoples have the right to determine their future. As the first Indigenous Minister of Indigenous Services, I understand the importance of relationship moving forward – and I am pleased to see the Prime Minister has determined this as a priority and a critical part of the work ahead." — The Hon. Mandy Gull-Masty, Minister of Indigenous Services
Globe and Mail
2 hours ago
- Globe and Mail
Credit Risk Assessment Market Global Rising Demand & Huge Scope Till 2032
Market Size and Overview Market Size and Overview- The Global Credit Risk Assessment Market size is estimated to be valued at USD 9.52 Bn in 2025 (market size) and is expected to reach USD 23.97 Bn by 2032 (market forecast), exhibiting a compound annual growth rate (CAGR) of 14.1% from 2025 to 2032. This forecast underscores strong adoption across banking, insurance and corporate finance sectors, supported by evolving market dynamics and rising demand for predictive credit scoring. Industry Overview The credit evaluation domain is witnessing accelerated digitization as financial institutions and fintechs deploy advanced analytics and AI-driven models for real-time decision-making. Robust risk governance frameworks and regulatory mandates are driving demand for end-to-end credit risk assessment platforms. Our proprietary market research and market insights reveal a dynamic landscape where legacy systems are being replaced by cloud-native architectures, setting the stage for significant business growth. Request Sample Pages: Key Takeaways Region • North America: Early adopters of AI-powered scoring engines, driven by stringent regulatory environments. • Latin America: Growth fueled by microfinance expansions in Brazil and Mexico. • Europe: GDPR-compliant risk solutions prompting upgrades in Western Europe. • Asia Pacific: Rapid digitization in India and Southeast Asia accelerating demand. • Middle East: Infrastructure financing units in UAE and Saudi Arabia integrating advanced analytics. • Africa: Emerging markets leveraging mobile-driven credit models for unbanked populations. Segment Covers • Component: – Solutions (Credit Scoring, Portfolio Management, Fraud Detection): Example use case—real-time score recalibration in major lenders. – Services (Consulting, Integration, Support): Example use case—end-to-end deployment with 24/7 support for regional banks. • Deployment: – Cloud: Scalable scoring platforms launched by global fintechs. – On-Premise: Mission-critical systems preferred by tier-1 banks for data sovereignty. • End-User Industry: – Banking & Finance: 45% of deals in 2024 for retail and corporate credit risk. – Telecom & Retail: Use cases include postpaid billing risk and supplier credit profiling. Growth Factors • Rising Non-Performing Loans (NPLs): NPL ratios climbed to 4.8% in global banking portfolios in 2024, spurring demand for automated risk monitoring (market drivers). • AI/ML Integration: Adoption of machine learning algorithms grew 28% year-on-year in 2024, enhancing predictive accuracy (industry size). • Regulatory Pressure: Basel III and IFRS 9 compliance programs accounted for 35% of new license revenues (Credit Risk Assessment Market revenue). Market Trends • Real-Time Risk Monitoring: Over 60% of new deployments in 2025 offer continuous score updates (Credit Risk Assessment Market share). • Open Banking APIs: Data sharing initiatives led to a 22% rise in third-party risk data utilization (market trends). • Explainable AI: Transparency requirements driving investment in model interpretability frameworks, with 18% more R&D projects in 2024 (industry trends). Actionable Insights Supply-Side Indicators • New Solution Releases: Grew from 150 in 2024 to 210 in 2025, boosting overall production capacity by 40%. • Average License Pricing: Increased by 8% in 2024 as vendors bundled AI modules (market scope). • Export Penetration: APAC exports accounted for 30% of total software shipments in 2024. Demand-Side Indicators • Imports: Financial institutions in Latin America imported 45% of their risk platforms in 2024. • Use Cases Across Industries: BFSI accounted for 50% of new subscriptions, telecom 15%, retail 10%. • Nano-Indicators: Average daily risk checks per client rose from 2.1 million to 3.4 million in 2024 (market dynamics). Key Players • Experian • Equifax • TransUnion • FICO • Moody's Analytics • Oracle • IBM • SAP • SAS Institute • Fiserv • Pegasystems • Genpact • ACL • Kroll • PRMIA • Riskonnect • RiskSpotter • Riskdata • BRASS • Misys Competitive Strategies • Experian's 2024 acquisition of an AI-analytics startup drove a 15% uptick in Credit Risk Assessment Market report revenues. • FICO launched a cloud-native scoring service in Q3 2024, boosting its market share by 5% in North America. • Oracle partnered with leading regional banks in Asia Pacific for embedded risk modules, resulting in a 20% increase in subscription renewals. Buy this Complete Business Research Report: FAQs 1. Who are the dominant players in the Credit Risk Assessment Market? Dominant players include Experian, Equifax, FICO, Moody's Analytics and Oracle, each leading with unique AI-driven scoring and compliance solutions. 2. What will be the size of the Credit Risk Assessment Market in the coming years? The Credit Risk Assessment Market size is projected to grow from USD 9.52 Bn in 2025 to USD 23.97 Bn by 2032 at a CAGR of 14.1%. 3. Which end-user industry has the largest growth opportunity? Banking & Finance leads with over 45% of new deployments in 2024, but telecom and retail segments are expanding at 12–15% annually. 4. How will market development trends evolve over the next five years? Expect real-time risk monitoring, explainable AI, and open banking integrations to dominate, driving faster implementation cycles and modular pricing models. 5. What is the nature of the competitive landscape and challenges in the Credit Risk Assessment Market? Competition centers on AI accuracy, regulatory compliance and cloud versus on-premise offerings; challenges include data privacy and model interpretability. 6. What go-to-market strategies are commonly adopted in the Credit Risk Assessment Market? Partnerships with regional banks, cloud bundling with ERP suites, acquisition of analytics startups, and outcome-based pricing models are widely used growth strategies. About Us: Coherent Market Insights leads into data and analytics, audience measurement, consumer behaviors, and market trend analysis. From shorter dispatch to in-depth insights, CMI has exceled in offering research, analytics, and consumer-focused shifts for nearly a decade. With cutting-edge syndicated tools and custom-made research services, we empower businesses to move in the direction of growth. We are multifunctional in our work scope and have 450+ seasoned consultants, analysts, and researchers across 26+ industries spread out in 32+ countries.
