Rising deliveries of Airbus and Boeing airliners helped lift 2011 aerospace revenue 15% to £382.6 million ($606 million) and operating profit a fifth to £59.6 million at aerostructures, gas turbine components and fluid systems parts maker Senior.
The company pointed to the strength of an aerospace division strategy focused on increasing market share on major large commercial aircraft programmes, which now represent 42% of the division's sales. These grew 23% over 2010 and increasing Airbus and Boeing build rates present a favourable outlook.
Chairman Martin Clark described Senior's Boeing 787 shipset value as "significant" and pointed to expectations of production increasing "steadily".
Regional jet market prospects are less encouraging, but Clark noted that Senior has "good content" on China's Comac ARJ-21 and Japan's Mitsubishi Regional Jet, and the Russian-built Sukhoi Superjet 100, which entered service late in 2011.
Senior lifted its defence sector sales by 10% last year despite budget cuts in North America and Europe; principal programmes for Senior are the Sikorsky UH-60 helicopter and Lockheed Martin C-130J transport, where build-rates increased.
Although the business jet market has been in "steady, albeit slowing, decline", said Clark, Senior has increased its revenue from the sector by 11% in line with rising production of newer and larger aircraft to which it supplies content such as the Gulfstream G650 and Bombardier Global 5000.