Trade boost for UK/Russia

Posted on 20 Jul 2010 by The Manufacturer

A|D|S today signed a cooperative Memorandum of Understanding with Russia’s Union of Aviation Industry at Farnborough International Airshow.

With the increasing globalisation of the aerospace industry, and Russia’s prominent position in it, it is hoped this agreement will foster increased cooperation between members of the two organisations — as UK and Russian companies in the aircraft supply chain increasingly work together in the production and design of advanced aircraft products.

Ian Godden, Chairman of A|D|S, said: “The UK aerospace industry is number one in Europe, and number two in the world after the USA with a 17 per cent global market share. This track record has been built up through unparalleled experience in a range of areas such as wing design, engine and aircraft systems plus a strong supply chain built on innovative, smaller businesses providing both manufacturing and high value services.

“Russia is reinvesting in its civil aerospace heritage to alongside its renowned military aircraft capability. With the innovative Sukhoi Superjet 100 already flying, and the much-anticipated United Aircraft Corporation’s MS21 soon to be revealed, it is clear that Russia is seeking to establish itself as a centre of aviation excellence in the future.

“It therefore makes sense for British and Russian companies to cooperate more over the next decade, and this MoU will deliver significant benefits for both our nations’ respective industries.”