Following today’s announcement by Defence Secretary Gavin Williamson that the baseline profit rate for single source defence contracts would fall to 6.81 per cent, ADS said further reductions could put long-term investment in the industry at risk.
National Security Adviser Sir Mark Sedwill presented the 13th annual ADS Security Innovation Award to Agilent Technologies on the opening day of Security & Policing 2018 in Farnborough.
Today’s proposal from the Prime Minister to seek continued UK membership of EU agencies that regulate aerospace and chemicals offers welcome reassurance to our industries over the Government’s plans for Brexit.
Responding to comments made by the Secretary of State for International Trade, the UK’s aerospace, defence, security and space trade association ADS said a customs union agreement with the EU after Brexit would support continued growth in exports from the UK both inside and outside the EU27.
Aircraft manufacturers are aiming to set a new production record in 2018, targeting the delivery of more than 1700 wide-body and single-aisle aircraft this year.
Responding to today’s statement of intent to create a “Combat Air Strategy” by the Defence Secretary, Gavin Williamson, ADS warmly welcomes the strategy and the opportunity to build a closer partnership between Government and the UK defence industry.
Responding to comments made by the Secretary of State for Exiting the European Union, aerospace trade association ADS said the industry was counting on negotiators to make sure the UK remained in the European Aviation Safety Agency (EASA) after Brexit.
Defence, security and space trade association ADS welcomed the Prime Minister’s comments to the Munich Security Conference setting out the UK’s intention to continue involvement in important EU agencies and programmes in these areas – with full, fair and open participation by UK industries.