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Paris Air Show: Cautious optimism for post-Brexit aerospace

16th June 2017 - 09:30 GMT | by Alice Budge in London

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Despite continued uncertainty surrounding Brexit, figures released by ADS Group suggest strong growth in the UK aerospace industry and hint at future investments in UK combat aircraft.

The UK defence sector, which is the largest exporter of defence equipment and services in Europe and second only to the US globally, reported an annual turnover of £23 billion for 2016, according to ADS figures.

Other positive market indications included the 10% growth of the industry since 2010 and average exports between 2012 and 2015 valued at £8.7 billion, a 12% increase on the previous year despite a year of political instability

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Alice Budge

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