The aerospace and defence industry experienced a record year in 2011 driven by a surging commercial aviation market, according to a PwC report. The Aerospace & Defence 2011 year in review and 2012 forecast report found that In 2011, the Top 100 A&D companies reported $677bn in revenue, a 5% increase compared to the previous year, and [...]
Booming demand for passenger jets made by Airbus and Boeing is driving growth for British manufacturing groups. Component makers Senior, Meggitt and Cobham are key suppliers to the planemakers and said in trading updates on Thursday that demand for parts from Airbus and Boeing is helping to offset spending cuts in key defence markets. Senior, [...]
Thousands of jobs are to be created in the UK aerospace industry under Lockheed Martin’s programme to build 3,000 F-35 fighter jets. The components for the 3,000-strong fleet of F-35 jets are to be built by around 130 different companies in Britain, before the planes are finally assembled in the United States. The 25,000 jobs [...]
Grant funding totalling £2.5million is being made available to twenty two innovative British companies to help them develop commercial products and services using space technologyThe funding – from the UK Space Agency, the Technology Strategy Board and the South East England Development Agency– will support twenty eight fast track research and development projects, each lasting [...]
With the trans-European plane maker Airbus revealing at its annual press conference that it took in a record number of orders for new commercial aircraft last year, a leading aerospace analyst believes that the UK industry has plenty of reasons to be cheerful.“Recent order pronouncements from significant airframe manufacturers clearly illustrate that global conditions are [...]
