Boeing UK presence and partnerships grow further, exceeding £2bn in 2016
- Boeing triples direct spending with UK supply chain to £2.1 billion
- Company doubles direct UK employment to support local customers
- Tier one supply chain jobs grow by 80%
LONDON, June 12, 2017 - Boeing [NYSE: BA] today reports that its direct spending with UK suppliers has tripled over the last six years to £2.1 billion, supporting an estimated 16,500 jobs in the tier one UK supply chain, a rise of 80% over the same period. Direct Boeing employment to support local airline, military and security customers has doubled since 2011, to 2,200. The company continues to grow, recruiting on average a new employee per day.
“The partnership between the UK and Boeing is one of mutual benefit, driving economic growth and prosperity for both the UK and the US,” said Sir Michael Arthur, president of Boeing Europe and managing director of Boeing UK and Ireland. “Since 2011 Boeing has tripled its direct spending with UK suppliers and doubled the company’s UK workforce to meet the needs of local airline, military and security customers. In the years to come, Boeing is committed to growing our engagement in the UK, working together with our employees, customers, suppliers and partners. Boeing continues to find significant talent and supply chain capability, a strong market and world-class partners in the UK.”
Additional growth is planned in the years to come. In the past year Boeing has announced plans for its first European manufacturing plant in Sheffield, a commercial aviation maintenance hangar at Gatwick airport and the company is working with the Ministry of Defence on plans for a Royal Air Force P-8A Poseidon facility at RAF Lossiemouth in Scotland. Together, these developments will create an additional several hundred jobs in the UK at Boeing, the company’s partners and in the supply chain.
This additional growth and expenditure continues progress on the UK Government-Boeing prosperity initiative announced in July 2016, with even more to follow in the future. More information is available at www.boeing.co.uk/value.
Boeing employs more than 2,200 people across the UK at numerous sites, from Glasgow to Gosport, and the company is experiencing solid organic growth. In 2013 Boeing celebrated 75 years of partnership with the United Kingdom, the Armed Forces, British manufacturing and the air transport industry. Today the UK remains a critically important market, supplier base and a source of some of the world’s most inventive technology partners. Boeing’s direct expenditure with the UK aerospace industry in 2016 was £2.1 billion and the company supports an estimated 16,500 jobs in the UK supply chain, in the process enhancing skills, facilitating exports and generating intellectual property. For more information visit www.boeing.co.uk or follow us on Twitter @BoeingUK.