‘Defence exports largest increase in 5 years’

According to a recent UK Government report, British defence exports rose by 62% in 2012 – the largest increase for 5 years.

The reports continues: “New figures published today by UK Trade & Investment’s Defence and Security Organisation (UKTI DSO) show that UK defence exports totalled £8.8 billion over the past year, a rise of 62% from 2011 in a global market that grew by 45%.”

The increase is in the main down to increased sales to Middle Eastern clients, with the Typhoon and Hawk aircraft contributing most strongly to the export figures.

Minister for Defence, Equipment Support and Technology, Philip Dunne commented: “The Ministry of Defence has continued to play a key supporting role in the promotion of defence equipment and services, recognising that defence exports make a significant contribution to the government’s growth agenda.”

In light of the recent Terrier vehicle delivery, and the subsequent closure of BAE Systems’ Scotswood road facility, the increased exports may represent the future of British defence sales as rich countries seek to bulk up their military force.

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