In 2016, the BAE Systems military aircraft business sustained nearly 48,900 jobs in the UK, supported a £3.2 billion contribution to GDP and made a total tax contribution of £900 million to the Exchequer.
Following the 2017 study on the contribution of BAE Systems to the UK economy, the company asked Oxford Economics to estimate the economic impact of one of its UK businesses. The report finds that in 2016 BAE Systems military aircraft business sustained nearly 48,900 jobs in the UK, supported a £3.2 billion contribution to GDP and a made total tax contribution of £900 million to the Exchequer. In addition, in 2016, the BAE Systems military aircraft business exported £1.3 billion worth of goods and services—equivalent to 0.2 percent of UK exports in that year.
Read the full report.
Our economic consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
To find out more about our capabilities, contact:
+1 (646) 503 3052
+65 6850 0110
+44 (0)203 910 8054
Innovation Index: Are You Prepared to Shift from Survival to Growth?
Oxford Economics and NTT Data fielded a survey of 1,000 North American business and IT executives in 2022 to uncover future strategies to mitigate disruption.Find Out More
Reinventing for growth in a changing media landscape
Oxford Economics partnered with Accenture to survey 6,000 consumers around the world about their media and entertainment habits, experiences, and preferences.Find Out More
Data Center Impacts
Oxford Economics specializes in characterizing the impacts of data centers.Find Out More