Securing a withdrawal agreement and a transition period remains the highest priority for our industries. Further delay and uncertainty increases the damage to our economy, with investments on hold and contingency measures being implemented.
Technical notices published by the Government today on aviation, chemicals and road haulage show a no deal scenario could generate substantial disruption to air travel and aerospace manufacturing after the UK leaves the European Union (EU) in March 2019.
On Tuesday BAE Systems confirmed its £5bn deal to supply nine Hawk trainers and 24 Typhoons to Qatar has become effective. Qatar is the ninth country to purchase the Typhoon, and first deliveries of the aircraft are expected in 2022.
The UK’s aspiring astronauts and rocket scientists are being called upon to compete in the UK’s largest youth rocket competition.
The global aerospace industry remains well on track for another record year in aircraft production, as 2018 deliveries reached 809 by the end of July, worth up to an estimated £15bn to UK industry.
Today’s technical notices published by the Government provide further proof that leaving the European Union (EU) with no deal would be the worst outcome for businesses in the UK and Europe. Responding to the publication of the technical notices, ADS said a no deal Brexit would create inevitable disruption.
The first half of 2018 saw a strong performance by the aerospace sector, setting new records for deliveries and the total order backlog.
UK aerospace companies are expected to see an estimated $28.8bn in value from orders and commitments for engines and more than 1400 aircraft announced at this week’s Airshow.
Four students from Tonbridge School, Kent, were named as runners-up after they competed in an international fly-off in the Youth Rocketry Challenge against teams representing the USA, Japan and France at Farnborough International Airshow.