"Up to 3,000 workers at the Leonardo Helicopters facility in Yeovil face the risk of losing their jobs, highlighting the significant human impact of delays affecting the UK's only complete helicopter design and manufacturing capability."
"Defence industry representatives caution that losing this site would end Britain's ability to design and manufacture helicopters domestically, increasing reliance on foreign suppliers and eroding aerospace engineering skills, thereby undermining the UK's strategic defence sovereignty."
"Treasury officials have informed the Ministry of Defence (MoD) that funding for the New Medium Helicopter (NMH) program will not be approved until the MoD's broader equipment plan is finalised."
The UK government is delaying approval of a £1 billion New Medium Helicopter contract for Leonardo Helicopters' Yeovil facility, risking 3,000 job losses. Treasury officials have blocked funding until the Ministry of Defence finalises its broader equipment plan. The Yeovil factory represents Britain's only complete helicopter design and manufacturing capability. Industry representatives warn that Leonardo's bid expires at the end of Sunday, threatening contract collapse. Losing this facility would eliminate the UK's domestic helicopter manufacturing capacity, increase dependence on foreign suppliers, and erode critical aerospace engineering skills. While the Prime Minister and Defence Secretary support the agreement, Treasury concerns about fiscal constraints are preventing approval.
Read at London Business News | Londonlovesbusiness.com
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