Article

2019-07-31 Britain

UK says 2018 was 'best year ever' for arms exports

[Aljazeera] The United Kingdom has reported securing record defence orders in 2018, making it the "best year ever" for British arms exports.

The UK's Department for International Trade (DIT), in a report published on Tuesday, said the country won defence orders worth 14 billion pounds in 2018, up from nine billion pounds in 2017 and the highest since 1983.

The report attributed the rise to the sale of Typhoon jets to Qatar and F-35 related components to the US. The deal to sell 24 Typhoons to Qatar, finalised in September, was worth five billion pounds.

The record orders in 2018 made UK the largest arms exporter in the world after the United States.

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Washington's share of the global defence market was 40 percent, while London's stood at 19.

Russia, the world's third largest arms exporter, has 14 percent market share, while fourth-placed France has 9 percent, the report said.

Countries in the Middle East, including Saudi Arabia and the United Arab Emirates, accounted for nearly 80 percent of British defence exports last year.

Posted by Besoeker 2019-07-31 06:27|| || Front Page|| [10325 views ] Top

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