Description

The United Kingdom aerospace industry is currently the second largest in the world, with a turnover in 2005 representing 13 percent of the worldwide aerospace market. The global defense market continues to be an important driver of the UK aerospace sector. The industry is, to an increasing extent, export-oriented. Governmental policies like smart procurement policy is expected to increase public private partnerships. This will drive down government costs and increase participation in defense bids from both domestic and foreign firms.