ISO 9001 & UKAS Registered, Electron Beam Services in the United Kingdom ISO 9001 & UKAS Registered, Electron Beam Services in the United Kingdom

Businesses in all industries are preparing for the possibility of a no-deal Brexit, as politicians continue to argue over the best way to leave the EU.

One sector that’s been make particular provisions is aerospace and defence, with the Guardian recently outlining exactly what companies in this area have been doing to prepare.

The news provider pointed out that a no-deal Brexit will add millions of pounds in costs to many firms, and as a result mitigating these is a top priority.

In June last year, for instance, Airbus revealed it would need to stockpile €1 billion-worth of parts, as well as stating that any delays caused to production as a result of a no-deal Brexit could run to €1 billion per week.

Rolls Royce, Bombardier Aerospace and Meggitt have all also announced that they are building up a stockpile of parts and/or raw materials to help prevent supply issues should the UK exit without a deal.

A number of firms in the UK have also applied to switch their regulatory approval to the EU, to help protect them in the event of a no-deal Brexit.

Those operating in defence, rather than commercial aerospace, appear to be better insulated from Brexit-related shocks, the newspaper noted, because many sell parts that fall outside of tariffs.

Earlier this month, Airbus UK vice CEO Katherine Bennett told the Andrew Marr show that a no-deal Brexit would be “absolutely catastrophic” for the firm which employs 14,000 people in the UK.

The New European reported on her comments, where she also said that the company would have to make “difficult decisions” if the UK walks away from the EU with no deal in place.

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