This morning’s announcement that sufficient progress has been made for the next phase of Brexit negotiations to start will be welcomed by industry. However, agreement on a transition period of at least two years must be reached as soon as possible.
Bombardier announced today that it has been selected by Airbus as a supplier on a new engine nacelle programme for the A320neo family of aircraft. ADS Chief Executive Paul Everitt said: "Today’s announcement is welcome news for Bombardier’s factory in Belfast."
This week, BAE Systems has released a report with Oxford Economics on its contribution to the UK economy. ADS Chief Executive Paul Everitt welcomed this report.
ADS and Britain’s largest union, Unite, joined together today, to call for a ‘just’ settlement to Brexit negotiations that maintains cross-border partnerships and trade, while protecting investment decisions and high quality jobs.
Aerospace has been a trailblazer for industrial strategy in the UK, and today’s industrial strategy proposals are a welcome commitment from the Government to helping industry weather Brexit headwinds – but immediate support for UK supply chains should be a priority.
Deliveries of 87 single aisle and 33 widebody aircraft in October set a new record for the month and took year-to-date deliveries to a total of 1138. These deliveries are worth up to £2.4bn to UK industry.
ADS welcomed specific measures announced by Chancellor Philip Hammond on R&D tax credits and business rates. However, Office for Budget Responsibility forecasts for productivity growth have been revised down, highlighting the urgent need for decisive measures to support supply chain productivity growth.
Aerospace manufacturers have enjoyed a strong week of orders for new aircraft at the Dubai Airshow 2017, promising a multi-billion pound boost to UK industry. Orders announced this week by Airbus, Bombardier and Boeing reached an estimated £9bn value to UK industry.
A Government commitment of £345m in the November Budget would secure private sector investment of more than £600m for initiatives supporting supply chain companies in the aerospace, defence, automotive, rail and civil nuclear sectors. High value industries like aerospace and defence can boost prosperity throughout the UK in the years ahead.
The Government has today announce the appointment of Gavin Williamson as Secretary of State for Defence. ADS welcomes his appointment and looks forward to working with him.