Published on : Jan 08, 2018
Albany, New York, January 8, 2018: Market Research Hub’s (MRH) latest report addition features a comprehensive study of the defence industry in the UK. UK’s defence sector is anticipated to witness a surge in exports as compared to imports. A fall in the currency valuation has impacted imports of defence equipment; however, this currency devaluation has made local defence products much cheaper for international buyers. This is the main reason for increased exports in the defence sector in the UK. The report provides critical information on UK’s defence sector such as departmental limit on defence expenses, spending on defence products, expenditure on defence equipment, as well as information on the top companies operating in the defence sector in the UK.
Key Report Inclusions
According to the report, Brexit could have a significant impact on the defence sector in the UK. It is anticipated that the outcome of Brexit could drastically alter the future plans of the defence sector. The report also addresses the impact of inflation on the economy and subsequently the defence sector in the UK. Certain critical aspects anticipated to impact the sector are also highlighted in the report. Factors such as changes in UK’s regulatory framework, Consolidated EU and National Arms Export Licensing Criteria, The European Council Common Position, UK defence industrial policy, defence growth partnerships, UK arms trade treaty, and the UK strategic defence policy are covered in detail. The operating model of UK’s defence sector and the various cooperation agreements are also featured in this report. According to the insights presented in the report, UK is the largest exporter of defence products and equipment in Europe. The government keeps making strategic improvements to military spending though this is happening at a slower rate than anticipated.
Besides these factors, the report also throws light on the critical analysis of several changes to the employment and financial structure of the weapons and ammunition manufacturing industry, air, spacecraft and related machinery industry, ship and floating structures industry, military fighting vehicles industry, and the shipbuilding and repair industry in the UK. Details of key defence contracts are also presented in this report. Some of the other information pertaining to the UK defence sector that is highlighted in the report includes:
- Launch of new support models for the Royal Navy as a result of doubts escalating in replacement strategies for warships
- Competition is rampant in Europe’s defence exports market, threatening to eliminate UK from the top defence exporter position
- Changes to merger regulations in the UK to improve transactional scrutiny in order to ensure enhanced national security
- Rising proliferation and adoption of unmanned aerial vehicles in keeping with the diverse nature of conflicts currently affecting the country
- Implementation and adoption of cyber security policies and systems as a crucial component of UK’s defence strategy measures
Top Sector Company Profiles
Some of the leading companies that are part of UK’s defence sector along with details of the defence contracts entered into by these companies is provided in the report. Featured companies include Rolls Royce, Netma, Lockheed Martin, Qinetiq, General Dynamics UK, BAE Systems, Entserv UK, Awe Management, Leonardo MW Limited (formerly Leonardo Helicopters), and Cobham.
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