UK reports massive uptick in defense exports

By: Andrew Chuter

LONDON — Britain's defense exports recorded a massive 53 percent uptick in 2017, figures released by the government show.

The Defence Security Organisation posted the figures, without any fanfare, on their website at the end of last month, showing British defense companies secured exports valued at £9 billion ($11.59 billion) last year; it's the second largest annual export success in the last decade.

The defense sales figures bounced back from a poor performance in 2016 when associated exports totalled £5.9 billion.

“The U.K.'s strong performance equates to a third-placed ranking globally, up from fourth in 2016, and is a considerable achievement,” said the DSO.

The British success came against a background of a surge in defense exports globally.

The DSO said total overseas sales by countries around the world reached a 10-year high at around $98 billion in 2017.

Full Article: https://www.defensenews.com/global/europe/2018/08/08/uk-reports-massive-uptick-in-defense-exports/