The welfare of everyone involved in participating and running the UK Youth Rocketry Challenge is of the utmost importance to us. Following the Government’s advice to avoid unnecessary travel and non-essential contact with other people in support of its efforts to delay and prevent the spread of Coronavirus in the UK, it will no longer be appropriate to run the UK Youth Rocketry Challenge regional events that are due to commence from next week.
The measures announced by the Chancellor today will provide welcome reassurance and support for companies across our industries and the wider economy. Government assistance in addressing problems from temporary disruption to orders, supply chains or access to finance will help businesses to manage the economic challenges and minimise any long-term impact.
Today’s announcement by the Defence Secretary is welcome news and will support industry as it manages the economic challenges ahead. The profit rate remains low by international standards, but with two consecutive increases in the rate we have now seen an end to the sustained declines of previous years.
Today’s Budget showed welcome intent from the Government to make a substantial increase in R&D investment that supports our industries in developing and manufacturing advanced new technologies in the UK. We asked the Treasury to boost R&D funding in the space sector and I am pleased to see the Chancellor announce investment in the National Space Strategy and space innovation fund, as well as £100m in defence sector R&D.
We have been clear that continued participation in EASA is the best option to maintain the competitiveness of our £36bn aerospace industry and our access to global export markets. UK influence in EASA contributes to raising standards in global aviation, supports collaboration with our international partners, and helps make our industry attractive to the investment it needs to be home to the development of a new generation of advanced aircraft technology.
ADS Chief Executive comments on the review of the UK’s defence and security industrial strategy announced by Ministry of Defence.
The opening day of Security & Policing 2020 at Farnborough Exhibition & Conference Centre saw Intelligent Voice win the 15th annual ADS Security Innovation Award.
While volatility and international headwinds remain in the aerospace market at the outset of 2020, manufacturers are expecting a return to growth in deliveries, which are worth billions of pounds to UK industry annually. The UK aerospace industry is focussed on boosting its competitiveness and addressing the challenge posed by climate change by developing advanced new technology.
We are disappointed that both the UK Government and the EU are not seeking a more ambitious approach to aviation safety. We are keen to understand the full details of their intentions and will continue to work with them on the UK’s future regulatory approach.
The decision by the US to raise tariffs on aircraft and other goods imported from the EU is a regrettable and unwelcome escalation in this long-running trade dispute.