Britian’s aerospace order book has reached a record high after the success of Farnborough airshow. According to The Daily Telegraph, orders for British made commercial aircraft and engines have reached the highest they’ve ever been thanks to a boost in orders generated at the airshow.
ADS, the trade organisation for the Aerospace, Defence, Security and Space Industries have revealed that the total orders that UK manufacturers have on their books stands at over 12,000 aircraft and more than 21,000 engines. This is estimated to be a combined value of between £135bn and £155bn.
9 Years of Work for the Aerospace Sector
It has been estimated that these orders equal approximately 9 years worth of work for companies in the aerospace sector. Chief Executive of ADS Paul Everitt said: “As an important event for the global aerospace industry, we expected to see a peak in orders during the Farnborough airshow. However, the volume of firm orders placed throughout July was unprecedented; adding almost 650 aircraft and 1,100 engines an already robust order book.”
The Aerospace Growth Partnership
According to the chief economist at ADS Jeegar Kakkad, these impressive figures are proof that the government’s industrial strategy to champion aerospace has been a success. “Countries around the world are sitting up and taking notice of what is going on in the UK aerospace industry with the Aerospace Growth Partnership (AGP) and thinking, ‘We can use the UK as a base to launch into’,” he said. “Countries are too, with Germany wondering how we have taken market share from them and the US looking at how we set up the AGP.”
UK Aerospace Industry Facts
- Annual turnover of the UK aerospace industry – £27.8bn
- UK share of global aerospace market – 17%
- Number of people either directly employed or jobs supported by the aerospace industry – 229,100
- Backlog of aircraft orders – 12,096
- Backlog of engine orders – 21,094
- Year’s worth of work at current levels – 9
Increased Sales of Aircraft Engines
A spokesman for Airbus said: “The Farnborough airshow was excellent as Airbus won 345.4bn billion worth of business for a total of 496 aircraft. This is particularly good news for the UK where the wings for our aircraft are designed and manufactured.
“Airbus sustains work for more than 100,000 people through an extended supply chain of more than 1,000 companies located across the UK, around 45 per cent of which are SMEs. The continuing strong order book helps to maintain the UK’s position as a European and global leader in aerospace.”
Metal Finishing and Metal Plating Services
As experts in a range of metal finishing techniques that can be used in the aerospace industry, such as electroless nickel plating, NiTEC are incredibly pleased that the sector is experiencing such a boom. It’s fantastic news for the future of the UK aerospace industry!