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IPFS News Link • United Kingdom

U.K. Arms Makers Set Sights Beyond EU in Post-Brexit Pivot

• http://www.bloomberg.com, by Benjamin D Katz

Industry representatives have met recently with delegations from countries including Turkey and India, each of which is developing its arms-manufacturing capability with imported parts and designs. Defense contractors such as BAE Systems Plc and Rolls-Royce Holdings Plc, along with parts suppliers like Senior Plc and Meggitt Plc, could get a boost from a fall in the pound in the wake of the June 23 referendum, which makes exports less expensive.

U.K. Trade Minister Liam Fox, a former defense minister, is preparing for a round of promotional trips to discuss new trade agreements and export campaigns. Aerospace, Defence, Security and Space, a U.K. trade group, wants to expand trade relationships with Japan, South Korea, Australia and the Gulf states, said Paul Everitt, chief executive officer of the group.


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