Both industries saw a rise in turnover and productivity continues to outpace national levels by a considerable margin. The strong figures are a reflection of growing global demand with UK companies well-placed to compete and grow.
The data comes ahead of the Farnborough International Airshow. This global business event is expected to bring a record number of international customers to the UK including the largest ever presence from the US and China. The airshow is the opportunity to showcase the world-class innovation, engineering and manufacturing capabilities of UK industry.
UK aerospace outlook figures:
“The UK’s Aerospace and Defence industries are increasing their contribution to the UK economy and helping to meet increasing global demand. This success has been underpinned by Government’s modern approach to industrial strategies.
“Through the Aerospace Growth Partnership (AGP) and the Defence Growth Partnership (DGP), industry and Government are working together to ensure the UK is well placed for future growth opportunities. Investment in skills, technology and the competitiveness of the UK supply base is making a difference.”