The impact of BAE Systems’ participation in the Eurofighter Typhoon programme on the UK economy is difficult to overstate.
A 2018 report from the highly-respected business analysts Oxford Economics looked into the broader impact of BAE Systems Air business.
It found that the business sustained around 48,900 full-time jobs in the UK — that’s the equivalent of one to every 552 jobs in the country. It also showed that for every 100 jobs in BAE Systems Air the business supported 400 jobs in the economy as a whole.
The total gross value added contribution to the UK GDP in 2016 was estimated at £3.2bn, of which £0.9bn is directly from BAE Systems’ business activities.
Of the 12,300 people who were directly employed by the business, around 70 per cent were in highly skilled engineering and engineering-related roles. In September 2017 the air business had almost 600 apprentices in training, over 100 graduates and provided 25 summer internships.
In 2016, the business exported £1.3bn worth of goods and services or 0.2% of UK exports that year. And, either directly or through secondary channels, the Air business supported a tax contribution of £900m to the UK Exchequer.