Paris 2011: UK defense hit bottom line | Aviation International News

Paris 2011: UK defense hit bottom line

ADS, the trade organization for the UK aerospace, defense and security industries, has reported that new defense orders slumped by 29 percent in 2010 due

By Ian Sheppard

June 22, 2011

ADS, the trade organization for the UK aerospace, defense and security industries, has reported that new defense orders slumped by 29 percent in 2010 due to the stringent defense cuts by Britain’s new coalition government. Despite this, 2010 proved to be a fairly good year for aerospace sales, which were up by 2.1 percent to £23.1 billion ($37.8 billion).

The net result was that the total value of civil and military orders was down to £29.1 billion ($47.7 billion), an 11-percent drop overall, as civil orders were up by 3 percent on the previous year to £19 billion ($31.1 billion).

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