Despite challenging times for all industries in the UK and globally, the aerospace, defence and security body A|D|S has reported sales increases in all areas.
Aerospace, defence, security and space trade organisation A|D|S today (Thursday) published its annual aerospace sector survey. On analysing the calendar year 2010, the report paints a definitively strong picture of the aerospace sector. The UK’s market share is unprecedented in Europe, and second only to the US worldwide in aerospace revenues, with a 17% global market share.
The report showed that general sales are up by 2.1% to £23.1 billion, civil sales are up by 1.3% & defence sales have risen by 2.8%. After previous reports indicating the trade deficit is increasing, aerospace exports remain the majority of sector turnover at 70% of total trade in the aerospace sector.
While defence cuts begin to bite with a decrease in the number of defence orders, overall the survey shows a strong performance in 2010 by the sector. A|D|S expects current and future years will bring further challenges to the sector, although with accelerating growth in civil aerospace, the order book in this area is reasonably stable.
Graham Chisnall, managing director of Aerospace and Operations at A|D|S, said: “Aerospace in the UK has delivered a strong performance in a very tough global climate. Further challenges lie ahead … but the accelerating recovery in civil aerospace and the long-term record of UK success in this world-leading sector give increasing cause for optimism.
Mr Chisnall commented on the government’s position in relation to the sector: “The government is keen to see UK industry deliver strong exports, high-tech and long-term jobs as well as strong economic benefits. Aerospace is delivering on these national needs and we look forward to working with the Government to continue this record of success. We have made an encouraging start with high-level meetings that involve industry seniors and are chaired by Vince Cable and Mark Prisk MP.”
George Archer
