Aerospace Sector Hold Networking Event in Limerick

by | Oct 16, 2017 | Aerospace | 0 comments

Ballyneety Golf Club in Limerick recently saw the gathering of the leading manufactures in the Irish aerospace industry. The event focused on growing opportunities in the Irish Aviation, Aerospace, MRO and Leasing sectors.

Hosted by ADS Ireland – the Irish arm of the trade organisation for companies in the Aerospace, Defence, Security and Space sectors – the event was well attended by representatives of manufacturing companies and suppliers operating in the aerospace industry. These included sponsors Hard Metal Machine Tools, Almir, Impact, Geo Kingsbury, Doosan, Procad, and Takumi.

There were several interesting speakers on the night including minister for Trade, Employment and Business, Pat Breen who emphasised government commitment to supporting the aerospace industry and growing it throughout the mid west.

The commercial sector of the aerospace, currently valued at €300bn, is expected to grow at approximately 5% per year over the next 2 years. A report from Deloitte (Deloitte 2017 Global Aerospace and Defence Sector Outlook) suggests aircraft production will increase from 1,456 this year to 2,045 in 2032 – an increase of 40% in 15 years.

The UK aerospace sector is the largest in Europe and second globally to the US and Irish manufacturers are significant suppliers of components to the UK aerospace industry in Northern Ireland.

Events such as the one in Balliyneety allow Irish aerospace manufacturers position themselves to the forefront of the expanding global aerospace industry. Gerry Reynolds, managing Director of Takumi Precision Engineering noted “the event, now in its second year helps grow an awareness of Aerospace sector and more importantly grows a sense of community among those involved in this ever expanding arena.”