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Increasing demand for air travel underpins this growth, despite high global oil prices. For example, air transport movements at UK airports increased by 5% from January 2005 to January 2006.
The UK is home to several leading British and European companies in the sector, including BAE Systems, Rolls-Royce and Airbus. Defense aerospace represents much of this sector's activity, driven by projects such as Eurofighter Typhoon and F35. Global defense sales of $16.2 billion account for just over half of the industry's output. However, civil aerospace turnover rose to $15.6 billion in 2004 and is expected to continue to grow in the coming years...
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