UK aerospace sector set for £160bn order book bonanza
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The global aircraft order backlog has reached a new record following a bumper number of orders throughout August. The backlog, which now stands at 12,113 aircraft and 21,128 engines, could be worth up to £160bn to the UK, according to aerospace trade organisation ADS Group.
It said: "In response to new demand, industry is focused on increasing production and deliveries, with the latest figures reporting a year-to-date increase in deliveries of 5% compared to the same period last year."
Paul Everitt, chief executive of ADS Group, added: "The UK is home to 3,000 aerospace companies across all regions and of all sizes. UK industry has a global reputation for specialising in the design, development and manufacture of a broad range of parts, including wings, engines, passenger seating, landing gear, cabin lighting systems and much more. A close look at any aircraft will reveal a significant proportion of UK-produced components.
"This latest data signals the strength of the sector. We estimate that the current backlog could equate to more than nine years work in hand for the aerospace sector, giving industry the confidence to focus on the long-term picture; investing in skills and R&D to develop the technologies of tomorrow."
By 2032 it is estimated that more than 29,000 new large civil airliners, 24,000 business jets, 5,800 regional aircraft and 40,000 helicopters will be required.
