BDO has partnered with the Institution of Mechanical Engineers to analyse the "sentiment, challenges and changing macro landscape" for UK companies supplying products and services to the global aerospace sector UK aerospace companies in a report.
This has revealed strong positive sentiment in the aerospace sector. However, said BDO: "The bald numbers belie some serious concerns about the UK's position. Issues with long-term agreements, productivity levels, availability of correctly skilled people and the rise of Asia as an aerospace powerhouse, conspire to negate any complacency."
Almost two-thirds (64%) of those surveyed in the report were positive or very positive about the prospects for their civil aerospace order book in the next five years. However, 63% said they believed the UK needed more home-grown mid-sized companies to strengthen the UK's aerospace sector.
