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A|D|S, the UK’s AeroSpace, Defence and Security trade organisation has published the findings of its 2010 aerospace industry survey. The report examines the performance of the UK-based sector covering both civil and defence aerospace during 2009. The results provide a definitive picture of the overall UK-based aerospace sector and are used by Government and analysts alike.
Ian Godden, Chairman of A|D|S, said:
“Last year was tough for the whole aerospace industry given the wider context of the global downturn but these results demonstrate the resilience of the UK-based part of the sector. Overall this is an extraordinary performance during a world-wide recession with an increase in revenues, a rise in productivity and stability within our 100,000-strong highly-skilled workforce.”
Headline survey findings as follows:
The 2010 A|D|S annual survey can be found at http://tinyurl.com/adssurvey2010.
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Revenue up 5.4 per cent to £22.2 billion.Workforce levels steady at just over 100,000.Orders down 10.4 per cent, but at a lower level of decline than in 2008, at £32.2 billion.Research and development spending down 7.4 per cent to £1.74 billion.Exports to the ‘rest of the world’ and the EU grew by 20 and 10 per cent respectively.Aerospace defence exports grew by 15 per cent to £6.68 billion.Overall sales to the US, mainly in defence, fell by 20 per cent.Productivity per employee up 6.2 per cent.Improving global predictions of new aircraft sales were reflected in a 27 per cent rise in systems and frames sales at £14 billion.The number of young people studying industry-related subjects rose by 6 percent.
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