A major new investment in Britain's aerospace industry - much of it based here in the West - was announced today.
The Deputy PM Nick Clegg is in the west country to announce a £2 billion investment in the aerospace industry
Defence contractor BAE Systems has confirmed it's in talks over a potential merger with the parent company of Bristol-based Airbus.
The Deputy Prime Minister Nick Clegg unveiled the news of a £2 billion investment in the aerospace industry at a visit to Airbus in Filton this morning.
He says it is crucial to keep our industry - already very successful - at the forefront of world manufacturing in the years to come.
Nick Clegg will visit Bristol today to announce new investment in the aerospace industry.
The Deputy Prime Minister will be given a tour of the Airbus site in Filton and host a discussion with workers from across the aerospace sector.
A public meeting to discuss the impending closure of Filton Airfield will be held tonight [Friday]. It has been organised by the local UKIP branch. Controversy has surrounded its closure since it was announced by BAE Systems last year. The Airfield was the birthplace of Concorde.
A decision in expected today on the merger of one of the South West's biggest companies.
Defence contractor BAE Systems is in talks with the parent company of Bristol-based Airbus - European Aeronautic, Defence & Space (EADS). The firm, which has sites in Filton and Yeovil, says combining businesses with would create the world's biggest aerospace and defence company.
Read more about the merger here.
Mark Stewart, Airbus spokesman, gave this reaction to the news...
Philippine Airlines has placed an order to the value of seven billion US dollars with Airbus. Although the order won’t create any new manufacturing jobs in Filton, the contract – for 50 new aircraft – will help support the workforce.
The aircraft are being purchased under a major fleet modernisation programme at the airline, with deliveries starting in 2013. Workers in Filton design and test the wings, fuel systems and landing gear for the craft.