The Aerospace and Defence sector is becoming increasingly important to Gooch & Housego and was a major contributor to revenue growth in 2010. Our recent successes in this sector are a direct result of our long term strategy, established in 2006, which identified Aerospace and Defence as a key target market.
Acquisitions and investments in facilities made during 2007 and 2008 provided the routes to market and the manufacturing infrastructure needed to be a credible supplier in this highly demanding sector.
During 2008 and 2009 we focussed on building customer relationships and establishing trust and confidence. Then in 2010 we implemented the essential regulatory framework by concluding the registration of our US manufacturing operations under the International Trade in Arms Regulations (ITAR) with the US Directorate of Defense Trade Controls (DDTC).
Other market sectors: