Summary
The UK government is increasing defence spending, which is expected to create hundreds of jobs in companies that supply the military, like Leonardo Helicopters. While these companies are waiting for final government contracts, they are already hiring new apprentices and engineers to prepare for the anticipated increase in work.
Key Facts
- Leonardo has hired 450 apprentices and graduates in the past year for its helicopter factory in Yeovil, Somerset.
- Government spending on defence is expected to create or secure over 3,000 jobs at Leonardo Helicopters in Yeovil.
- The company is waiting for approval on a £1 billion contract to provide the RAF with more than 20 new helicopters.
- The Royal International Air Tattoo in Gloucestershire is the largest military airshow worldwide.
- Over 40,000 people work in defence sector companies in the South West of the UK, many relying on Ministry of Defence contracts.
- The company representatives believe more work will come from increased government defence spending, although it takes time to see results.
- Defence budgets are rising not only in the UK but also across Europe.
