UK – Regional Growth Fund award to boost Vector Aerospace expansion

UK – Regional Growth Fund award to boost Vector Aerospace expansion

13-Feb-2015 Source: Vector Aerospace

Vector Aerospace UK (Vector – www.vectoraerospace.com), a leading provider of aviation maintenance, repair and overhaul (MRO) services, is to receive a Regional Growth Fund award from the UK Government. The award was announced by the Rt Hon Matthew Hancock MP, Minister of State at the Department for Business, Innovation and Skills and Minister of State for Portsmouth, when he visited Vector’s Fleetlands site in Gosport, Hampshire today.
The award, totalling £2 million over two years, will reinforce the significant investment that Vector is making in the transformation of its Gosport business. A long established key supplier to the UK Ministry of Defence, Vector is now enhancing its capabilities and services, targeting new customers around the world.

This funding will enhance Vector Aerospace’s UK design and aviation services portfolio, enabling the company to compete more effectively in global aerospace modification and upgrade markets, both civil and military.  There is already a core team in place at the Gosport site engaged in this important work and Vector Aerospace estimates the expansion assisted by the regional grant will create over 70 jobs during the next 10 years, with a similar number being created in the supply chain.

Vector Aerospace UK Managing Director Michael Tyrrell said, “We are now in a position to progress our expansion programme for Design Services.  This is excellent news, not just for our operation here but also the region, as Vector Aerospace is the largest engineering employer in Gosport. It will also help to strengthen the region’s aerospace skill base as it seeks to reduce its dependency on military work.

About Vector Aerospace UK

Vector Aerospace UK holds approvals from some of the world’s leading turbine engine, airframe and avionics OEMs. Engine products supported include a wide range of General Electric, Honeywell, Pratt & Whitney Canada, Rolls-Royce and Turbomeca models with engine lines including complete test capability. Vector Aerospace also provides support for a wide range of airframes from Airbus Helicopters, AgustaWestland, Boeing, and Sikorsky, including major inspections and dynamic component overhaul, and offers full-service avionics capability, including complete aircraft rewire plus glass cockpit engineering, development and integration.

About Vector Aerospace

Vector Aerospace is a global provider of aviation maintenance, repair and overhaul (MRO) services. Through facilities in Canada, the United States, the United Kingdom, France, Australia, South Africa, Kenya and Singapore, Vector Aerospace provides services to commercial and military customers for gas turbine engines, components and helicopter airframes. Vector’s customer-focused team includes over 2,700 motivated employees.

More information can be found on the company’s website at www.vectoraerospace.com.

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