Off the wire
• Somalia mulls maritime law to ensure safety, curb pollution  • Chinese premier sends congratulatory message to Mongolia's new PM  • Cambodian PM to attend ASEM in Mongolia  • DPRK accuses U.S. of escalating tensions on Korean Peninsula  • Terrorist threat level remains substantial in the Netherlands: report  • Roundup: Britain's Leadsom quits race to be next PM, leaving keys to No. 10 to Theresa May  • South Africa launches first National TB Prevalence Survey  • Nepal-China border point could be delayed to reopen amid flood, landslides  • NATO air force drill kicks off in Bulgaria  • DPRK threatens to cut official contact with U.S.  
You are here: 　 Home

Boeing to create 2,000 jobs in Britain in new partnership with gov't

Xinhua, July 11, 2016 Adjust font size:

Prime Minister David Cameron on Monday announced a new strategic partnership between U.S. aerospace giant Boeing and Britain, as well as nearly 516 million U.S. dollars for new aerospace research and development (R&D) projects.

He said the measures would ensure Britain remained a global aerospace industry leader.

Ahead of Cameron opening this year's Farnborough international air show on Monday , Boeing confirmed the company would create 2,000 new jobs in Britain and increase their R&D spending.

Boeing is to make Britain its European base for training, maintenance, repair and overhaul across its defence fixed-wing and rotary platforms. The company will also make Britain a base for defense exports to Europe and the Middle East. As well, Boeing will continue to grow its commercial aviation services business in Britain.

A spokesman at 10 Downing Street said Monday: "To ensure the UK's continued position at the forefront of global aerospace, 365 million pounds worth (473 million U.S. dollars) of aerospace R&D projects have been approved. These are jointly funded by industry and government. These are part of the work of the Aerospace Growth Partnership, a new strategy setting out plans to maintain the UK aerospace sector's leading position."

"This underlines the UK's determination to deliver on its strategic defense and security review commitments and providing a clear sign of the UK delivering on its pledge to maintain defense spending at 2.0 percent of GDP," added Downing Street.

Cameron said: "Whatever uncertainties our country faces, I want the message to go out loud and clear: the UK will continue to lead the world in both civil and defense aerospace. We aren't just open for investment: we are a place the global aerospace industry wants to do business, as Boeing's long-term partnership with the UK proves."

As part of the initiative, Boeing will increase overall bid opportunities offered to British suppliers and work with the British government to enhance the competitiveness of suppliers in Britain. The aim of the initiative is to create the opportunity for British companies to double their supply work with Boeing and to win higher proportions of content on future Boeing aircraft. Endit