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Economic Development

Economic impact BAE Systems has on Lancashire revealed in new report

The research has been conducted by Oxford Economics

Eurofighter Typhoons at BAE Systems, Warton Aerodrome, Lancashire(Image: PA)

The economic impact BAE Systems has on Lancashire, through creating and supporting jobs, research and development and supply chains, has been revealed.

According to research by Oxford Economics, BAE Systems employs approximately 10,000 people across the county, spending £70m with more than 220 suppliers in the region in 2020 while it supported almost 1,000 jobs in the local supply chain.

The company's air division is based in Warton and Samlesbury and plays a key role in international programmes such as the Eurofighter Typhoon and F-35, as well as progressing the design of next generation combat air technologies.

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In Preston, BAE Systems’ Shared Services business provides central support activities for the wider º£½ÇÊÓÆµ organisation.

BAE Systems’ significant º£½ÇÊÓÆµ footprint across more than 50 sites and extensive supply chain mean it supported 143,000 jobs across the country and contributed more than £10bn to º£½ÇÊÓÆµ GDP, equivalent to 0.5% of the domestic economy.

Charles Woodburn, BAE Systems chief executive, said: "Our sector not only supports our national defence and security, but also provides unparalleled economic value which drives the º£½ÇÊÓÆµ’s prosperity.