
Leading aerospace official Martin Wright who holds the position of CEO North West Aerospace Alliance has told reporters that he thinks the new USA president, Barak Obama will continue maintain a positive stance in relation to expenditure on military and aerospace defence programs despite him intending to pull troops out of Iraq over the next 18 months.
Talk like this will no doubt come as a positive signal to Lancashire based aerospace company BAE Systems who currently employ over 11,500 staff and support a network of over 1500 smaller companies, delivering a chain of essential product and service contracts.
Aerospace giants BAE have already announced they have a strong order book but the current economic climate of course is just one business factor that keeps many companies concerned as to the short and long term future of trade and industry. Positive news that Barak Obama will be driving a proactive stance to defence budgets and aerospace programmes will certainly be welcomed by strings of businesses from giants such as BAE to smaller component providers such as G&O springs who provide items such as titanium springs for the aerospace industry. The inauguration speech from Obama this week was certainly listened to carefully not only by millions of well wishers but also businessmen with a vested interest maintaining and improving trade.
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