Aerospace Industry: Contracts

Ministry of Defence written question – answered on 24th April 2020.

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Photo of Stephen Morgan Stephen Morgan Shadow Minister (Defence) (Armed Forces and Defence Procurement), Shadow Minister (Defence)

To ask the Secretary of State for Defence, what assessment he has made of the effect of the financial security of the aerospace sector on SMEs in the supply chain for Government contracts.

Photo of Jeremy Quin Jeremy Quin The Minister of State, Ministry of Defence

The Ministry of Defence (MOD) has processes in place to routinely monitor the financial health of all its major suppliers, drawing on both internal and external analysis, and open-source financial information. Regular meetings are also held with the mid-tier and small and medium-sized enterprise communities.

The MOD will continue to work closely with colleagues in the Cabinet Office and other Government Departments to monitor risk across the Government's supplier base, especially in light of the current Covid-19 situation.

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