The NH Aerospace and Defense Export Consortium (NHADEC) signed a memo of understanding with a British consortium, opening possible trade and business opportunities for Granite State companies.
Under the agreement, NHADEC and the Farnborough Aerospace Consortium will cooperate and coordinate actions among their members. NHADEC is the first of its kind export consortium in the U.S. and is expanding rapidly, keeping pace with the significant growth of the industry in NH and New England. Founded in 2013, its first cooperative agreement was signed in its first six months with AeroMontreal.
"We look forward to playing a leadership role with the Farnborough Aerospace Consortium, in fostering and supporting trade, business, and investment opportunities between our members, and further solidifying this most important of transatlantic relationships," says Don Tyler, president of Corfin Industries of Salem, and a founding board member of NHADEC.
The Farnborough Aerospace Consortium, established in 1994, is one of the oldest aerospace and defense associations in the United Kingdom. It has more than 120 members and is a nonprofit trade association facilitating business between large global primes and the supply chain.
"At this very significant time in our international business situation, we are delighted to have the opportunity to strengthen links and opportunities between the aerospace industries in the southeast of England and in New Hampshire in the USA,” says David Barnes, CEO of the Farnborough consortium. “The signs are that there will be much to be done together, to the advantage of both of our aerospace communities. We in the UK are determined to make it work."
More than 300 NH companies are involved in the aerospace and defense sector, one of the state’s key industries driving the economy.
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