The figures have been driven by record single aisle delivery production, an area that has risen 32% over five years. Current figures show that the industry has contributed some £7Bn to the economy this year, with some 353 new aircraft rolling off the global production line.
With a change in manufacturing processes and the introduction of new aircraft types, production had a slow start in 2016, however this had been overturned in Quarters two and three, and the industry is on track to guarantee a sixth consecutive year of record-breaking delivery rates.
Paul Everitt, Chief Executive of ADS Group, commented: “Year-on-year aerospace increases its contribution to the UK’s economy, demonstrating the value of investment in R&D, skills and productivity improvements delivered through the Aerospace Growth Partnership.
“The UK’s aerospace industry is seeing demand for new aircraft with 13,235 orders on the books worth more than £200bn to the UK’s national economy. International competition for this high-skill work is fierce; however the resilience shown by the industry this year sends a strong signal about the ability of UK companies throughout the supply chain to compete globally.”
“It is hoped this year’s Autumn Statement will deliver a boost to funding for a key AGP initiative, the Aerospace Technology Institute.”
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ADS ADS Group Chief Executive Paul Everitt aircraft Aviation industry production UK