The UK’s aerospace, defence, security and space industries are now worth £74 billion per annum to the UK and achieved £41 billion in export revenues in 2017. The four sectors now collectively employ 380,000 people, including 12,000 apprentices.
These statistics are revealed in the 2018 Industry Facts and Figures Guide from ADS which shows that the security and resilience sector has witnessed 57% growth since 2012 and is worth £11.9 billion per annum in annual turnover, with 107,000 direct employees.
The defence sector, which delivers the equipment and services that the Armed Forces and Security Services need in order to safeguard national security, directly employs 140,000 people in the UK and is worth more than £22 billion in annual turnover.
The UK’s aerospace sector has risen to be worth £35 billion per annum, with £30 billion in exports, while the industry has achieved growth of 39% since 2012.
Meanwhile, the fast-growing space sector is worth nearly £15 billion per annum in turnover, with £5.4 billion in exports and 71% growth post-2012.
Commenting on these headline statistics, ADS CEO Paul Everitt stated: “The 2018 ADS Industry Facts and Figures Guide shows the strength of the UK’s aerospace, defence, security and space industries. The statistics are a powerful indicator of the skills, innovation and collaboration that makes these important UK sectors so competitive in markets around the world. Each of our four industries has made a substantial contribution to UK prosperity, created high-value jobs for thousands of people in every part of the country and pioneered groundbreaking technologies.”
Everitt continued: “As the national Trade Association for these sectors, ADS is working to support them in domestic and overseas markets, build successful industrial strategies in partnership with Government and deliver a Brexit deal that ensures a stable transition and retains the UK’s leading position in these industries. We will continue to strive to support and promote our industries, working all the while with Government to ensure their future prosperity and enabling them to unleash their full creative potential.”
*The ADS 2018 Industry Facts and Figures Guide is available to view online at https://www.adsgroup.org.uk/facts/facts-figures-2018/