ADS says aerospace helped add almost £40bn to UK economy in 2022

ADS Group has published estimates suggesting the aerospace, defence, security and space sectors added £37bn to the British economy in 2022.  The businesses across the sectors recorded £82 billion in turnover, a 14.3% increase in 2022, and exports worth £36 billion, a 5.9% annual increase, ADS said. The sectors’ outputs represented over £100,000 per worker, 56% more productive than the average as estimated across the UK economy.  “Our unique, proprietary and robust data is a vital part of the work ADS does, underpinning our conversations with political and industry stakeholders. Our members span the entirety of the UK, and their