ADS Group has released annual figures for the UK aerospace industry confirming a sixth consecutive record-breaking year.
With some 1,443 commercial aircraft coming off the production line in 2016, UK industry success has seen some £27Bn investment, an increase of £4Bn on 2015.
The ADS expects that this success will continue through 2017, and anticipates a six to seven per cent rise in delivery rates, which will see some 1,500 new aircraft produced.
The demand for aircraft is at its highest ever level, and with some 13,567 on order, manufacturers are under increasing pressure to deliver.
Since 2006, aircraft production has risen and increased to 75%, bringing new investment, jobs and prosperity to the UK.
Business Secretary Greg Clark said: “Our modern industrial strategy will build on our existing strengths as an agile, modern economy and the UK aerospace sector is one of our great success stories, generating around £30 billion a year and supporting nearly 230,000 jobs. We are number one in Europe and the increase in global aircraft production is good news for the whole of our aero supply chain. With government and industry investing nearly £4 billion by 2026, we have shown our continued commitment to this vital industry.”
Paul Everitt, CEO of ADS Group says: “The UK’s aerospace industry is a global success story; year-on-year companies throughout the country are winning against tough international competitors to deliver regional growth and national prosperity. Long-term demand for new aircraft is good news; however there is no room for complacency and businesses throughout the supply chain need to focus on driving up productivity.
“The UK Government has demonstrated its commitment to UK aerospace through its continued support for an aerospace industrial strategy and the work of the Aerospace Growth Partnership (AGP); a focused approach to delivering long term technology funding; strengthening supply chains, and driving exports. The value of this is heightened as we prepare for Brexit, remaining globally competitive and a base of exciting innovation will be our best response to the challenges and uncertainties of leaving the European Union.”
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ADS aerospace Greg Clarke Paul Everitt UK
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