The annual Midlands Aerospace Alliance survey of member companies reveals that business turnover and employment continue to grow in 2014, 5% and 4% respectively.
The figures track Boeing and Airbus aircraft production data. Our strong position in global growth markets, especially for large civil airliners, is flowing through to increased economic activity and jobs in the Midlands.
The annual Midlands Aerospace Alliance survey of member companies reveals that business turnover and employment continue to grow in 2014, 5% and 4% respectively.
The figures track Boeing and Airbus aircraft production data. Our strong position in global growth markets, especially for large civil airliners, is flowing through to increased economic activity and jobs in the Midlands.
According to MAA chief executive Dr Andrew Mair:
"The Midlands aerospace cluster is well positioned to take advantage of growth in emerging markets. A key focus of our region's industry is making aero-engines and mechanical systems that go into the big Airbus and Boeing civil airliners, for which demand is high across the world.
"It is not surprising to see that our success parallels that of the world's big aircraft makers. In the face of global competition, we are maintaining our share of this rapidly growing sector."
The data also reveal the contribution the Midlands aerospace cluster is playing in the national UK context. Since 2005, growth in Midlands aerospace business turnover and employment stands in contrast with the national economy as a whole, which has been relatively flat. Aerospace manufacturing is responsible for 45,000 full-time-equivalent jobs in the Midlands, shared across the larger companies and their supply chains.
Note
The MAA business survey is conducted every spring and measures the current state of the industry compared to previous years. The MAA has 300 member companies, and a high proportion of them respond to the survey, making it an excellent leading-edge indicator of the health of the industry today.
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