Last year the UK aerospace industry had its best order year since 2007 and civil aerospace revenue was up by 7.6%, according to the ADS UK aerospace industry survey.
The gross order book figure for 2011 was 2932, which is the best in four years, and the total number of aircraft produced with UK supply chain input was up 6% on 2010 to 1140.
The figures, from the ADS UK aerospace industry survey, were announced yesterday by Robin Southwell, president of ADS and CEO EADS UK, and Graham Chisnall, deputy CEO and MD of aerospace at ADS, at the Farnborough International Air Show.
Air passenger traffic grew by 6% driving the demand for additional aircraft to service the market with single-aisle production rising.
UK civil aerospace revenue was up by 7.6% which the ADS have put down to exports, up 9.4% on 2010. Exports represent 75% of all UK aerospace revenue earnings with the EU being the strongest export region.
The survey also revealed that companies are prepared to invest in order to take advantage of potential new opportunities and markets, with an 11% increase in research and development.
Graham Chisnall said: “The figures contained in the survey are full vindication of the investment in time and effort by ADS member companies in the AGP and not least by the tremendous efforts of the sector workforce in providing such amazing productivity growth, so essential for maintaining our competitiveness in the future.”
