The owners of Martin-Baker ejection seats will share a £47 million payout after sales rose to £347 million.
The heirs of the company’s founders shared the sum as the firm reported its products have been used successfully 7,767 times.
The company’s ejection seats are in most fighter jets made by the UK and its allies since 1949, including the F-35 warplanes flown from the Queen Elizabeth-class aircraft carriers Britain operates, as well as the Eurofighter Typhoon jet.
Sales for 2024 rose to £347m from £326m the year earlier. Profit slipped from £81m to £76m as it paid more tax. It has orders of more than £737m.
The company was founded by Sir James Martin as Martin’s Aircraft Works in 1929. In 1942 it moved into ejection seats after his close friend Captain Valentine Baker was killed testing a Martin aircraft.
Captain Baker’s death inspired Sir James to begin researching methods of surviving plane crashes.
An ejection seat works by blowing away the canopy of the aircraft to clear the way for ejection. Modern versions then deploy a device around the pilot’s helmet to protect the neck. A rocket is then fired under the pilot’s seat. Finally, the parachute is then deployed. All this happens in about a second.
The company has supplied more than 92,000 seats to 117 operators around the world, it said.
In 2021 a pilot ejected from an F-35 which crashed into the Mediterranean Sea after a failed take-off from the HMS Queen Elizabeth.
The pilot landed safely and was returned to the ship. An investigation concluded that a blockage probably caused the jet to suddenly lose power after a cover was mistakenly left on the jet intake.
The aircraft was recovered from the bottom of the sea.
