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Business/Financial

U.K. Makes $3 Billion Commitment To Aerospace Industry

By Cal Biesecker

Wednesday, March 20th, 2013

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The U.K. government and industry yesterday pledged a long-term partnership and an approximately $3 billion investment in the aerospace industry to keep its manufacturing on the cutting edge. Launched yesterday by Deputy Prime Minister Nick Clegg during a visit to European Aeronautic Defense and Space Co.’s (EADS) Airbus in Filton, it sets out how they will ensure the United Kingdom thrives in the face of increasing global competition and can exploit rapid changes in technology. Underpinning the aerospace strategy is…

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