netrashetty
Netra Shetty
Giant Food Stores, LLC is an American supermarket chain that currently operates stores in Pennsylvania, Maryland, Virginia, and West Virginia under the names of Giant, FoodSource, and Martin's. Giant is a subsidiary of Netherlands-based Royal Ahold. Giant Food Stores are often referred to as Giant-Carlisle so not to be confused with sister company Giant-Landover.
Aerospace is an important contributor to the UK economy, directly employing some 124,000 people nationwide. The majority of activity is concentrated in the South West, South East and North West of England. Over 2,500 small and medium-sized enterprises (SMEs) are involved in the UK aerospace industry, emphasizing the importance of the sector and its contribution to the national skills base. As one government report noted in 2003, aerospace is “second only to pharmaceuticals in terms of value added per head in the manufacturing area”. The worldwide success of UK companies such as BAE Systems and Rolls Royce further underlines the strategic significance of aerospace to the national economy. Over the past five years, much of the momentum behind the growth in UK aerospace has come from a resurgent maintenance, repair and overhaul (MRO) sector. The UK MRO market was estimated to be worth $12.3 billion in 2006, up 8% from the previous year, with aircraft manufacturers taking an increasing share of the MRO market from independent operators and the airlines. The emergence of a strong MRO sector is in part a consequence of the large number of low-cost and regional carriers throughout Europe, as well as consolidation and increased outsourcing among the larger carriers. Again, this is the result of rising demand, with passenger volume at UK airport terminals having grown 30% from 2001 to 2006. As in the United States, serious congestion has plagued major UK airports, with responses varying from increased terminal development to greater interest in executive and charter aviation.
Rising passenger numbers have in addition prompted growing concerns about the environmental impact of aviation. The UK’s Sustainable Aviation strategy, based on a partnership between government and ndustry, is considered a pioneering approach in this area. With growing public concern over the ‘carbon footprint’ generated by air travel, government-backed research, including the Environmentally Friendly Engine program, demonstrates an emerging demand for greater aircraft efficiency and low-emission technologies.
Market Data
The United Kingdom’s aerospace industry is the second largest in the world with a turnover in 2006 of $39.6 billion, equivalent to around 13% of the worldwide aerospace market. Defense-related sales to customers in the United Kingdom and overseas accounted for $19.1 billion or 48% of total UK aerospace revenues, although there has been only limited overall growth in the defense market in recent years. UK industry is increasingly export-oriented, and no less than 63% of aerospace sales in 2006 were export-related.
These sales generated export revenues of $24.9 billion and over one-fifth were destined for the United States, the industry’s second-largest export customer after the European Union. UK aerospace sales to the U.S. totaled $8.1 billion in 2006. The U.S. is also by far the single largest source of aerospace imports into the United Kingdom. In 2006, U.S. companies exported $5.4 billion in aerospace products and parts to the United Kingdom. Also, exports of both light aircraft and helicopters increased ignificantly over the 2005-2006 period (the latest year for which complete figures are available).
U.S. Aerospace Exports to the U.K.
U.S. Exports to the UK 2006 ($ Million) % of Total
Aircraft Engine Parts $1,680,393 31
Aircraft Parts $1,630,523 30
Aircraft $970,122 18
Engines $802,930 15
Guided Missiles & Parts $241,930 5
Trainers & Simulators $38,554 0.7
Other Aerospace $10,900 0.2
Total $5,375,351
Source: U.S. Department of Commerce / U.S. International Trade Commission
Best Prospects
Broadly speaking, the UK aerospace industry can be divided into five sectors: aircraft systems and frames (31% of turnover); aircraft equipment (28%); aircraft engines (24%); missiles (6%); and space (3%). Aircraft maintenance accounted for a further 8% of industry sales in 2006. Within these sectors, the United Kingdom is home to some of the world’s leading manufacturers of aircraft engines, avionics, and specialized products such as in-flight refueling systems, safety systems and ejector seats.
While the United Kingdom does not produce whole civil aircraft, the development of airframe sections and major components, including those for the Airbus A380 and A350, create opportunities for aircraft equipment suppliers. UK firms have significant involvement in both programs, as well as the Boeing 787. The Bombardier C Series also potentially includes substantial UK content, sourced from the firm’s Belfast plant, though the future of this design remains under review by the company. Some of the work on these projects reflects a growing expertise in composites and specialist materials, an area the UK government has determined as key to the future competitiveness of the industry. Airbus has made major investments in composites manufacturing at its Broughton and Filton facilities, partly funded by the UK government and regional bodies. The Filton plant, however, is now a GKN facility, having been sold by Airbus because of the Power 8 restructuring program.
The Products & Markets chapter covers the following: Supply Chain, Products & Services, Demand Determinants, Major Markets, International Trade and Business Locations. The Supply Chain section lists the key buying and key selling industries associated with this industry. The Products & Services section lists the products and services the industry provides including percentage breakdowns by key segment. The Demand Determinants section provides an analysis of the determinants behind the level of demand for the industry's products. The Major Markets section gives an analysis of the markets for the industry's products and how these markets may have changed over time. The International Trade section provides a discussion of the importance of trade to the industry. The Business Locations section highlights where the industry operates and why.
The Competitive Landscape chapter is a discussion of the characteristics of an average operator in the industry and who controls the market for the products of the industry. It includes the following sections: Market Share Concentration, Key Success Factors, Cost Structure Benchmarks, Basis of Competition, Barriers to Entry and Industry Globalization. The Market Share Concentration section discusses the level of concentration of the industry. The Key Success Factors section looks at the key internal factors that contribute to the success of an operator in the industry. The Cost Structure Benchmarks section discusses the average costs faced by operators in the industry. The Basis of Competition section is a discussion of the factors that can give a company in this industry a competitive edge. The Barriers to Entry section looks at the factors preventing new companies from entering the industry. The Industry Globalization section provides an indication to which the industry is affected by global operations and trends.
The Major Companies chapter analyses the companies that have the most substantial influence on the industry. Market Share figures and a discussion of the major companies operations within the industry are given where possible.
The Operating Conditions chapter covers the following: Structural Risk Index, Investment Requirements, Technology & Systems, Industry Volatility, Regulation & Policy, Industry Assistance and Taxation Issues. The Structural Risk Index section provides an indicator of the level of risk faced by operators in the industry. The Investment Requirements section is an analysis of the level of capital investment required to operate in the industry. The Technology & Systems section discusses the key technologies used by the industry. The Industry Volatility section looks at the level of in the industry and the factors behind this volatility. The Regulation & Policy section looks in to the regulatory measures the industry is subject to and the corresponding compliance burden faced by operators in the industry. The Industry Assistance section discusses the level of assistance the industry receives from Government. The Taxation Issues gives a comparison between the level of tax burden on this industry compared to other industries and discusses industry-specific taxation measures placed upon it.
Aerospace is an important contributor to the UK economy, directly employing some 124,000 people nationwide. The majority of activity is concentrated in the South West, South East and North West of England. Over 2,500 small and medium-sized enterprises (SMEs) are involved in the UK aerospace industry, emphasizing the importance of the sector and its contribution to the national skills base. As one government report noted in 2003, aerospace is “second only to pharmaceuticals in terms of value added per head in the manufacturing area”. The worldwide success of UK companies such as BAE Systems and Rolls Royce further underlines the strategic significance of aerospace to the national economy. Over the past five years, much of the momentum behind the growth in UK aerospace has come from a resurgent maintenance, repair and overhaul (MRO) sector. The UK MRO market was estimated to be worth $12.3 billion in 2006, up 8% from the previous year, with aircraft manufacturers taking an increasing share of the MRO market from independent operators and the airlines. The emergence of a strong MRO sector is in part a consequence of the large number of low-cost and regional carriers throughout Europe, as well as consolidation and increased outsourcing among the larger carriers. Again, this is the result of rising demand, with passenger volume at UK airport terminals having grown 30% from 2001 to 2006. As in the United States, serious congestion has plagued major UK airports, with responses varying from increased terminal development to greater interest in executive and charter aviation.
Rising passenger numbers have in addition prompted growing concerns about the environmental impact of aviation. The UK’s Sustainable Aviation strategy, based on a partnership between government and ndustry, is considered a pioneering approach in this area. With growing public concern over the ‘carbon footprint’ generated by air travel, government-backed research, including the Environmentally Friendly Engine program, demonstrates an emerging demand for greater aircraft efficiency and low-emission technologies.
Market Data
The United Kingdom’s aerospace industry is the second largest in the world with a turnover in 2006 of $39.6 billion, equivalent to around 13% of the worldwide aerospace market. Defense-related sales to customers in the United Kingdom and overseas accounted for $19.1 billion or 48% of total UK aerospace revenues, although there has been only limited overall growth in the defense market in recent years. UK industry is increasingly export-oriented, and no less than 63% of aerospace sales in 2006 were export-related.
These sales generated export revenues of $24.9 billion and over one-fifth were destined for the United States, the industry’s second-largest export customer after the European Union. UK aerospace sales to the U.S. totaled $8.1 billion in 2006. The U.S. is also by far the single largest source of aerospace imports into the United Kingdom. In 2006, U.S. companies exported $5.4 billion in aerospace products and parts to the United Kingdom. Also, exports of both light aircraft and helicopters increased ignificantly over the 2005-2006 period (the latest year for which complete figures are available).
U.S. Aerospace Exports to the U.K.
U.S. Exports to the UK 2006 ($ Million) % of Total
Aircraft Engine Parts $1,680,393 31
Aircraft Parts $1,630,523 30
Aircraft $970,122 18
Engines $802,930 15
Guided Missiles & Parts $241,930 5
Trainers & Simulators $38,554 0.7
Other Aerospace $10,900 0.2
Total $5,375,351
Source: U.S. Department of Commerce / U.S. International Trade Commission
Best Prospects
Broadly speaking, the UK aerospace industry can be divided into five sectors: aircraft systems and frames (31% of turnover); aircraft equipment (28%); aircraft engines (24%); missiles (6%); and space (3%). Aircraft maintenance accounted for a further 8% of industry sales in 2006. Within these sectors, the United Kingdom is home to some of the world’s leading manufacturers of aircraft engines, avionics, and specialized products such as in-flight refueling systems, safety systems and ejector seats.
While the United Kingdom does not produce whole civil aircraft, the development of airframe sections and major components, including those for the Airbus A380 and A350, create opportunities for aircraft equipment suppliers. UK firms have significant involvement in both programs, as well as the Boeing 787. The Bombardier C Series also potentially includes substantial UK content, sourced from the firm’s Belfast plant, though the future of this design remains under review by the company. Some of the work on these projects reflects a growing expertise in composites and specialist materials, an area the UK government has determined as key to the future competitiveness of the industry. Airbus has made major investments in composites manufacturing at its Broughton and Filton facilities, partly funded by the UK government and regional bodies. The Filton plant, however, is now a GKN facility, having been sold by Airbus because of the Power 8 restructuring program.
The Products & Markets chapter covers the following: Supply Chain, Products & Services, Demand Determinants, Major Markets, International Trade and Business Locations. The Supply Chain section lists the key buying and key selling industries associated with this industry. The Products & Services section lists the products and services the industry provides including percentage breakdowns by key segment. The Demand Determinants section provides an analysis of the determinants behind the level of demand for the industry's products. The Major Markets section gives an analysis of the markets for the industry's products and how these markets may have changed over time. The International Trade section provides a discussion of the importance of trade to the industry. The Business Locations section highlights where the industry operates and why.
The Competitive Landscape chapter is a discussion of the characteristics of an average operator in the industry and who controls the market for the products of the industry. It includes the following sections: Market Share Concentration, Key Success Factors, Cost Structure Benchmarks, Basis of Competition, Barriers to Entry and Industry Globalization. The Market Share Concentration section discusses the level of concentration of the industry. The Key Success Factors section looks at the key internal factors that contribute to the success of an operator in the industry. The Cost Structure Benchmarks section discusses the average costs faced by operators in the industry. The Basis of Competition section is a discussion of the factors that can give a company in this industry a competitive edge. The Barriers to Entry section looks at the factors preventing new companies from entering the industry. The Industry Globalization section provides an indication to which the industry is affected by global operations and trends.
The Major Companies chapter analyses the companies that have the most substantial influence on the industry. Market Share figures and a discussion of the major companies operations within the industry are given where possible.
The Operating Conditions chapter covers the following: Structural Risk Index, Investment Requirements, Technology & Systems, Industry Volatility, Regulation & Policy, Industry Assistance and Taxation Issues. The Structural Risk Index section provides an indicator of the level of risk faced by operators in the industry. The Investment Requirements section is an analysis of the level of capital investment required to operate in the industry. The Technology & Systems section discusses the key technologies used by the industry. The Industry Volatility section looks at the level of in the industry and the factors behind this volatility. The Regulation & Policy section looks in to the regulatory measures the industry is subject to and the corresponding compliance burden faced by operators in the industry. The Industry Assistance section discusses the level of assistance the industry receives from Government. The Taxation Issues gives a comparison between the level of tax burden on this industry compared to other industries and discusses industry-specific taxation measures placed upon it.
Last edited: