SLIDE 2 The Aerospace & Defense Forum Los Angeles Chapter May 18, 2018 2
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$97bn
- 2nd largest aerospace industry in the
world behind only the U.S.
- Hub for global satellite production
- Appr. $12 bn spent for new defence
equipment & infrastructure (2016/17) $45 bn turnover in UK’s aerospace sector (2017) $32 bn turnover in defence sector (2017) $20 bn turnover in space sector
UK Aerospace, Space & Defence – At a glance
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UK Innovation
The UK is home to world-renowned universities and institutes shaping the future of aerospace, space and defence technologies
- The Aerospace Technology Institute – Collaboration between
government and industry to drive R&T; £3.9 bn in funding secured ($5.5 bn)
- Catapult centres – 16 world-leading centres designed to transform the UK’s
capability for innovation in specific areas and help drive future economic growth, pairing academia and business
- UK Research and Innovation – Managing £6 bn ($8.4 bn) to push the
frontiers of human knowledge and understanding, delivering economic impact and social prosperity
- 2 of the top 10 universities in world - US News & World Report; and 4 of
5 top universities in Europe