Sharing in Growth secures £3.4 billion for UK in aerospace contracts

Sharing in Growth has now helped UK aerospace suppliers secure more than £3.4 billion in contracts. Almost a third – £1.2 billion – was achieved in 2018 by accelerating the scale of the impact of the industry-led productivity and competitiveness programme.

This £3.4 billion total is equivalent to 30,000 man years‘ work or securing 5,500 high-value jobs.  The programme, which is funded by private and public sector contributions, is so successful that it is providing a 60:1 return on public investment, with the majority of companies on the programme growing at five times the rate of their industry peers.

Among the companies who have increased their competitiveness and secured new contracts are:
•    Castle Precision who signed a contract valued at £80 million with Rolls-Royce on a six-year programme, the biggest order ever won by the Glasgow firm.
•    Dundee’s ATL who secured more than £7 million in new contracts and who are currently planning significant investments in new product development, increased capacity and additional jobs.
•    JJ Churchill of Leicestershire who signed a turbine blades contract exceeding £70 million with Rolls-Royce Civil Aerospace.
•    South Lanarkshire-based Martin Aerospace which just secured a three-year agreement with Rolls-Royce
•    TMD Technologies of West London who received a £2 million overseas order for travelling wave tubes for an airborne search and rescue radar application.
•    Produmax, from Shipley, West Yorkshire, who since joining the programme in 2014, have improved productivity by almost 40%, won three new customers and increased turnover by 55%.
•    Amphenol Invotec, who have plants in Tamworth and Telford, manufacturing time critical and advanced technology PCBs, and have secured more than £40 million in contracts since joining Sharing in Growth in 2014.
•    Winbro Group Technologies, headquartered in Coalville, Leicestershire, who manufacture non-conventional machine tools, and turbine engines components, joined Sharing in Growth in 2014 and have since opened a new plant, secured more than £60 million in contracts and created more than 70 new jobs.