All the figures point to an industry that is not only vital to defence but one which makes a huge contribution to the nation’s economy and wellbeing in terms of jobs, skills, training and exports
The Hawk and Eurofighter
|By 2013 the export of the Hawk aircraft had generated a return of £11.5 billion for the UK from an initial investment of £900 million. Today more than 1,000 Hawk aircraft have been delivered to 18 nations, and the RAF’s Red Arrows display team continue to show the Hawk at its best across the world.||The UK’s £15.2 billion investment — as one of four partner nations in the Eurofighter Typhoon programme — is expected to generate £28.2 billion from existing orders alone, with a number of active campaigns for additional orders currently under way.|
UK aerospace sector
The industry saw productivity growth of 19 per cent from 2010 to 2016, compared with 3 per cent in the UK economy.
In 2017, the aerospace sector employed 120,000 directly (and a further 118,000 indirectly), with 68 per cent of companies hiring apprentices or trainees.
The UK aerospace sector had a turnover of £31 billion in 2016, and contributed £8.7 billion to the UK economy.
The sector had a turnover of £31.8 billion in 2017, up 39 per cent on five years ago.
Nearly 90 per cent of the demand for aerospace is from exports, amounting to a total of £27.7 billion.