Posted on 10/25/2011 2:35:52 PM PDT by NormsRevenge
Investment in new aeroplane technologies is the key to the UK maintaining its status as an aerospace leader, according to a report.
The Institution of Mechanical Engineers (IMechE) said the country's research and development spending has "flat-lined" since the 2008 financial crisis.
It said that made the UK's position vulnerable to China, India and Brazil.
It urged the creation of a research centre to test ideas such as pilot-free planes and solar-powered flight.
"The UK aerospace sector already employs over 100,000 people around the country and is worth over £29bn a year to our economy, but we need to take action now to ensure this sector can continue to thrive and grow," said Stephen Tetlow, chief executive of IMechE.
He said the UK was currently the second biggest aerospace manufacturer in the world.
However, it is being challenged by emerging economies, which are offering firms competitive R&D opportunities to boost their market share, as well as the promise of cheaper labour.
(Excerpt) Read more at bbc.co.uk ...
IMechE's concept design for a double decker blended wing aircraft, capable of carrying 650 passengers
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report here
Aero 2075: Flying into a Bright Future?
http://www.imeche.org/knowledge/themes/engineered-in-britain/Aero2075FlyingintoaBrightFuture
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