Source: Defense News
LONDON — British defense exports fell nearly 10 percent in 2015 despite the market for global arms exports overall rising significantly, according to figures released by the UK government July 26.
Given the lack of platform sales achieved by British industry last year, the Defence & Security Organisation, which leads the government’s export effort in the sector, said the £7.7 billion ($10.1 billion) worth of new business was a “considerable achievement.”
The figures were 9.4 percent down compared with British defense export sales for the previous year of £8.5 billion, or $11.2 billion, a figure which was itself a fall from 2013 figures, then bolstered by Leonardo Helicopter sales to Norway and South Korea.
The DSO data showed Britain’s share of a global defense-export market falling from 16 percent in 2014 to 12 percent last year at a time when demand for weapons is on the rise….