Annual Report and Accounts for the year ended 31 March 2010
Annual Report and Accounts for the year ended 31 March 2010

CHAIRMAN’S STATEMENT

Our expectations of a difficult year in 2009/10 were realised, with significant delays on the large new composite airframe programmes compounded by the global economic crisis.

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CHIEF EXECUTIVE’S Statement

During 2009/10, we faced the combined impact of both the global financial crisis and the well-chronicled development delays in several major new aerospace programmes that are pioneering the use of new composite technology.

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