UK Aerospace industry given unprecedented boost, says ADS
ADS, the premier trade organisation advancing the UK Aerospace, Defence, Security and Space industries, has hailed the 2014 Farnborough Airshow as a great success for UK manufacturing.
Newly released data reveals that this year’s Airshow resulted in an unprecedented volume of orders totalling £121 billion, which are estimated to deliver approximately $30 billion (£18 billion) to the UK economy.
Paul Everitt, chief executive of ADS, said: “The record number of orders and commitments made at the recent Farnborough International Airshow reflect the buoyancy of the market and the continued growth in passenger air traffic. The success of industry at the show is positive news for the global aerospace industry, and particularly the UK businesses which play such a significant role in meeting market demand.”
Read more here