By Ben Griffiths for the Daily Mail <\/p>\n
Published: 18:45 EST, 7 October 2014 | Updated: 05:08 EST, 8 October 2014 <\/p>\n
Britain's booming aerospace sector has chalked up a record backlog of work after a four-fold increase in orders during August. <\/p>\n
The backlog now stands at 12,113 aircraft and 21,128 engines worth a potential 160billion to the UK economy which hosts the worlds second-largest aerospace sector after the US. <\/p>\n
According to industry lobby group ADS, Britain is home to 3,000 aerospace firms across all regions and of all sizes, with around 230,000 people employed directly by the companies and indirectly in local supply chains. <\/p>\n
Booming industry: Britain is home to 3,000 aerospace firms across all regions and of all sizes <\/p>\n
Manufacturing giants like European aerospace group Airbus which employs around 17,000 people and makes all the wings for its commercial airliners in the UK dominate the sector. <\/p>\n
There are also hundreds of smaller businesses churning out components such as engine blades, aircraft seats and lighting systems. <\/p>\n
With an estimated 29,000 new large airliners, 24,000 business jets and 5,800 regional aircraft needed by 2032, firms are focusing on increasing production and deliveries, which increased 5 per cent in August compared with the same month in 2014. <\/p>\n
ADS chief executive Paul Everitt said: 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 the industry confidence to focus on the long-term picture; investing in skills and R&D to develop the technologies of tomorrow. <\/p>\n
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Aerospace at full throttle as orders increase four-fold in August<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" By Ben Griffiths for the Daily Mail Published: 18:45 EST, 7 October 2014 | Updated: 05:08 EST, 8 October 2014 Britain's booming aerospace sector has chalked up a record backlog of work after a four-fold increase in orders during August. The backlog now stands at 12,113 aircraft and 21,128 engines worth a potential 160billion to the UK economy which hosts the worlds second-largest aerospace sector after the US. Continue reading