The Aerospace Industry of the United Kingdom
The UKAI or UK aerospace industry is among the most thriving sectors in the United Kingdom. UKAI also has a tremendous impact on the economy of the United Kingdom. The achievements and importance of the UK aerospace industry can be exemplified in the following ways:
In the year 2003, the UK aerospace industry saw a turnover of more than £17 billion. That year UKAI also earned 10% of the global market.
UK has seen a consistent positive trade balance in the past 20 years.
In the year 2003, the United Kingdom Aerospace industry provided employment to almost 122,000 individuals, which is the 0.4% of total employment in UK and 3% of manufacturing employment.
Not only that, it has been estimated that UKAI also employed 150,000 individuals indirectly.
