Meanwhile, in 2015, the UK defence industry directly employed 142,000 people, and indirectly supported 111,000 jobs, said the ADS Group. It added that turnover was up by £2bn to £24bn in 2014 and productivity grew by 18% over the past five years. Exports were £8.5bn in 2014, with an average value of £7.7bn between 2010 and 2014.
Paul Everitt, CEO of ADS Group, said: “The UK’s Aerospace and Defence industries are increasing their contribution to the UK economy and helping to meet increasing global demand. This success has been underpinned by Government’s modern approach to industrial strategies.
“Through the Aerospace Growth Partnership and the Defence Growth Partnership, industry and Government are working together to ensure the UK is well placed for future growth opportunities. Investment in skills, technology and the competitiveness of the UK supply base is making a difference.”
UK Defence Outlook report
