The merger between American firms Woodward Inc. and Hexcel Corp. sent tremors through the entire global aerospace and defence industry – not least among trade suppliers and rival companies, since the union is being touted as creating one of the biggest aerospace and defence suppliers in the world.
UK manufacturing continues to face significant change in automation and digitalisation, attitudes towards its emissions output and preparing its workforce for the future, while being beset by ever-shifting political challenges as the UK prepares to the the European Union.
UK innovators are set to benefit from a £300m investment in more sustainable flight solutions for people and goods, with researchers developing electric planes and cleaner jet fuels set to receive an additional £5m boost.
The UK is in the top tier of the global aerospace industry, a position it owes in part to the expertise of smaller firms in the supply chain, such as Coventry’s Arrowsmith Engineering. Maddy White reports.
Why would British outsourcing giant SERCO be looking to acquire the troubled Babcock engineering group? Well, the President’s vows to boost the US Navy’s fleet from 280 to 355 ships by 2034 might have something to do with it.