Jobs at the Airbus base in Filton have been secured with the news Emirates Airlines is to buy 50 Airbus A380 super jumbos.
David Cameron was at the Dubai air show to hear the news and on his return said the deal is a vote of confidence in the workforce.
The Prime Minister has welcomed Emirates Airlines £15 billion pound spending spree at Airbus as a a "great day for the British aerospace industry."
The Dubai based airline has placed an order for the super jumbos, whose wings are designed at Filton near Bristol.
Defence company BAe Systems have confirmed "a relatively small number" of jobs will go at Filton, near Bristol, as part of wider cutbacks announced today.
The job losses, thought to involve office staff, are part of 1,700 redundancies at shipyards in Portsmouth and Scotland.
The company says it's due to restructuring as work on two new aircraft carriers comes to an end. The Technology Centre at Filton is not affected.
Philip Hammond MP Defence Secretary made the announcement in the Commons today.
Jobs at Filton near Bristol are to go as part of the 1,775 job losses announced by BAE Systems today.
The company hasn't yet confirmed how many workers at Filton face redundancy.
The jobs are being cut after a drop in work due to the end of aircraft carrier contracts.
For more on this story click here
Today marks ten years since Concorde made its last commercial flights, and the end of supersonic travel.
Three of the Filton built aircraft last flew into Heathrow airport in 2003 before being permanently retired.
The Save Concorde campaign group is still lobbying British Airways a decade on to make one of the aircraft available to fly again non-commercially.
The Duke of Gloucester is due to open a restored building in South Gloucestershire that played a key role in the history of aerospace.
Pegasus House in Filton was the original headquarters of the Bristol Aeroplane company. It hosted visits from royalty and even Cary Grant before it went out of use in the 1990s. It will house 300 Airbus staff after being renovated as part of a £70m investment programme.
Today's event will have a 1930s feel to it, celebrating the history of the building.
The first test flight of the new Airbus A350 airliner takes place this morning [Friday] at Toulouse in France. Much of it was designed at Filton near Bristol.
Employees who helped to build the state-of-the-art aircraft will be able to watch the take-off live on giant screens at their site.
The dream of having a permanent home for Concorde has taken a major step forward, after the National Lottery agreed to back the project with a £4.4 million grant.
The team behind the plan want to refurbish two World War I hangars on Filton Airfield and turn them into a museum for the jet.
Concorde 216, which was designed and built in Bristol, has sat next to the runway, open to the elements since touching down there after its final flight in 2003.
But now there's real hope that, ten years on, the world's first supersonic passenger plane could finally land a new home.