U.K. military contractors are courting new export markets as the country’s vote to leave the European Union squeezes public finances and raises tensions with EU partners.
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 Pau…