
Defence firms 'confident' hundreds more jobs will come
One of the big draws at RIAT are the helicopters from Yeovil, often flying sideways.At the famous Somerset helicopter factory, they listen carefully when the Prime Minister talks about increasing defence spending.Over 3,000 people work at the historic plant, now run by Leonardo Helicopters.And they are waiting for the final seal on a £1bn deal to supply the RAF with over 20 new helicopters. The contract will "create or secure over 3,000 jobs" in Yeovil, according to the company.There are no other firms left bidding for the contract, but the deal is all now bound up in the government's review of defence spending, and procurement.
Meanwhile, hundreds more young apprentices and graduate engineers are being recruited."I absolutely love it," AJ McKenzie told me, beaming. "Wouldn't change a thing about it."Born and bred in Yeovil, the 20-year-old signed up for an apprenticeship a year ago.He now works on the team that maintain the gearboxes for the helicopters flown by the Royal Navy and RAF."Taking things apart, putting them back together, there's a lot of 'why does that not work?', rather than just 'it doesn't work, put it in the bin'. It's so satisfying."
Not all the work in this helicopter factory involves a spanner and engine grease. Hundreds work in sophisticated digital engineering, like Chrissy Smith. She has worked here for 36 year since joining as a technical assistant."Every day is different," she said.Today, she is demonstrating the 'Digital Twin', a high performance simulator which allows pilots to learn the controls in the safety and comfort of a building.She is well aware that her team's work is responsible for keeping aircrew alive in extreme situations."I'm proud to be part of something that will protect and secure the nation, that's why I'm proud to work for Leonardo," she explained.For now, Chrissy, AJ and thousands of others can only wait while the Ministry of Defence considers the order for their new helicopter.Defence industry leaders are confident that when it does come, the MoD review will mean more work."We are anticipating a lot more work," said Emma Baker, from the trade body ADS."It is clear from the government that a lot needs to be done to increase industrial capacity."And it's not just the UK. Across Europe, defence budgets are also rising."
Dozens of small firms are also waiting for the government to decide what it wants to buy more of.On a small, nondescript trading estate in East Bristol, you could walk right by Broadway Group.Step inside, and engineers are making high precision parts for jet engines. These too will be flown by RAF pilots, at supersonic speed. Extreme accuracy is standard.Seb Greene, Broadway's Chief Executive, said that defence contracts had kept the firm going through the pandemic."Commercial orders just fell off a cliff," he explained. "Everyone stopped flying. But defence work carried on, crucially."The firm has grown from 80 staff to 180 on the back of military contracts, and now hires four apprentices each year, and a graduate too.
Nanditha Gampala studied for a Business Masters degree, and then landed a job at Broadway Group. She was keen to point out that jobs in the sector are not only for engineers."Aerospace has something for people with different backgrounds, different qualifications, there's so much variety. So don't pigeonhole yourself, there really is something for everyone here."If, when, the MoD finally publishes its shopping list of new kit for the expanded armed forces, many of the contracts will land in companies like this.Across the South West of England, 130 firms work on military jobs, employing 44,000 people already. For now, they are waiting for Whitehall."These things do take time," said Seb Greene, smiling ruefully. "But we are confident the contracts will come, and we will be able to invest in more technology and crucially, more people."
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Daily Mail
24 minutes ago
- Daily Mail
Lenders deserve a pasting over the motor finance misselling scandal, says ALEX BRUMMER
The cloud of mistrust surrounding British finance will not be lifted by the Supreme Court ruling on motor finance. Modern history of the Square Mile is littered with examples of unwitting consumers being gulled into buying products they don't need and being cheated by finance providers. Pensions mis-selling and payment protection insurance come to mind. The Great Financial Crisis of 2008 may be a distant memory, but it was only two months ago that NatWest escaped from government ownership after an eye-popping £45.5billion taxpayer rescue. Indeed, the lingering costs of 2008 and the compensation culture it engendered are among the reasons why the UK's public finances are in the worst condition since the 1950s. Yet despite this, the Chancellor Rachel Reeves felt it was fine to go to the Mansion House and declare it time to place 'the boot on the neck' of the red tape of financial regulation. Quite the contrary. After scandals such as motor finance, the collapse of the Neil Woodford investment empire and the London Capital & Finance mini-bond scam, ever more vigilant enforcement is required if consumer confidence is to be nurtured. Tracing back victims of motor finance scandals to 2007 will be hard, and finding the data difficult. Yet it is unbecoming for Stephen Haddrill, who represents the Finance and Leasing Association, to shout foul and describe the proposal to pay out up to £18billion in compensation as 'completely impractical'. 'Caveat emptor' is fine as a mantra, but we shouldn't underestimate the deviousness of second-hand car merchants acting as agents for finance groups. I recall buying a second-hand VW and being told by the dealer that he didn't want cash because he would miss out on finance commissions. Investors in Lloyds Bank, Close Brothers et al yesterday enjoyed a relief rally at the expense of consumers treated unfairly. They should not escape retribution for unfitting behaviour. Private grief There is a prevalent view, fuelled by fee-hungry investment banks, that fending off private equity offers for FTSE-listed companies is impossible. Yet the bidding war which ended up with Primary Health Properties (PHP) fending off KKR and merging with rival Assura shows there are other choices. The outcome should be a plus for the NHS as it adopts Wes Streeting's desire to switch from big hospital provision of medical services to community-based health. PHP and Assura fended off private equity by fully engaging UK long-investors with 35 per cent of the votes, such as Schroders and Baillie Gifford. If the deal is approved next week, then it could free up to £300million for investment in updating and expanding facilities and building new health hubs. This is a more satisfactory outcome than some other recent private equity bids. Corporate ghouls Advent outbid rival KKR for Spectris, a vital British precision engineering firm which serves two critical industries: pharma and semiconductors. It is disappointing that no white knight offers emerged or that the Spectris board showed such little fight. Similarly, at a time when warehouses and data centres are all the rage, Warehouse REIT threw in its lot with Blackstone, reversing a decision to merge with Tritax Big Box. As customers of private equity-owned vet practices and dental surgeries would testify, unscrupulous owners rarely benefit the end-user. Lost love All hell has broken loose after Donald Trump fired the independent Bureau of Labour Statistics commissioner Erika McEntarfer because he didn't like 'rigged' jobs data which didn't suit his claims. The reality is that there is concern among some economists about the quality of data which showed that 258,000 fewer US jobs were created in May and June. Sound familiar? Here, the head of the Office for National Statistics Ian Diamond stepped down in May and UK Statistics Authority chair Robert Chote resigned in July. The departures came amid loud criticism from the Bank of England, among others, of poor labour force data. Lies, lies and damned statistics...


Daily Mail
24 minutes ago
- Daily Mail
Shipping giant Clarksons profits fall as Trump tariffs and turmoil in the Middle East hit demand
Shipping giant Clarkson suffered a hit to profits as trade tariffs and turmoil in the Middle East hit demand. Boss Andi Case blamed the 'highly complex global environment' after profit fell to £37.5million in the six months to June from £50.1million the previous year. Donald Trump's tariffs, followed by a chaotic 'shifting' of the levies, meant exporters held off shipping goods. Sales were down to £298million from £310million in 2024. The decline followed a warning in March that rising global tensions were likely to hit performance. It has also been affected by wars in Gaza and the wider Middle East, which caused many clients to pause long-term contracts.


The Sun
24 minutes ago
- The Sun
Brit investors face triple-whammy of taxes at Budget, Tories warn
Last month, the Chancellor opened the door to painful tax hikes after a week of Labour chaos A TRIPLE-whammy of taxes could hit British investors at the Budget, the Tories warn. Measures such as removing a tax break on shares, scrapping the £500 tax-free dividend allowance and increasing dividend tax rates will dent confidence, they say. 2 'The Government needs to urgently rule out these tax hikes on savers and investors', warned Shadow Chancellor Mel Stride Credit: Getty An estimated five million people would be dragged into paying dividend tax if that allowance went. Shadow Chancellor Mel Stride said: 'The Government needs to urgently rule out these tax hikes on savers and investors before speculation causes further economic harm.' Labour last night laughed off the jibes. A spokesman said: 'They have some brass neck. They've still not apologised for the damage caused by the Liz Truss mini-Budget.' Last month, The Sun reported that Brits were bracing for higher taxes after Rachel Reeves warned Labour's welfare U-turns would come at a 'cost" - with experts saying the bill could hit £40 billion. The Chancellor opened the door to painful tax hikes after a week of Labour chaos, which saw her break down in the Commons and lose control of key spending plans. In her first public comments since the dramatic scenes in Parliament, Ms Reeves admitted the Government's retreat on welfare cuts had blown a multi-billion-pound hole in the public finances — and taxpayers would be left to fill the gap. Pressed on whether she would raise taxes, she said: 'Of course there is a cost to the welfare changes that parliament voted through this week and that will be reflected in the budget. 'But I'm also very, very clear that [the] stability that we've been able to return to the economy, which has enabled the Bank of England to cut interests rates four times, is only possible because of the fiscal discipline which is underpinned by the fiscal rules. "And we'll be sticking to those because they're absolutely vital for the living standards of working people and also the costs that businesses face.' Tax and spending package of €9.4bn to form basis of Budget 2026