UK achieved defense export sales of £9.8 billion in 2013 (up 11.4% on 2012); it had achieved defense exports of £8.8 billion in 2012, as per UK Trade and Investment Defense and Security Organization report.
UK defense and security exports in 2013 totaled £13 billion. The UK achieved security exports of £3.2 billion (up 18% on 2012). The combined figure represents a 13% increase on the previous year.
The UK's markets in 2013 were the Middle East, the USA, Norway and Republic of Korea. Major defense exports for the UK in 2013 were AgustaWestland Helicopters to Norway and Republic of Korea, plus on‐going business in the Middle East. Defense exports to the US also remained strong with around £1billion of business in 2013.
In 2013, the UK posted growth in exports of products and services, winning £13Bn of new defense and security business (compared to £11.5bn in 2012).The report estimates UK’s share of the global defense export market to be worth 22% (£9.8Bn) approximately, the UK share of the global security market to be worth more than 4%, (£3.2Bn).
US, and UK military officials are jointly preparing for mandatory inspections of the grounded F-35 engines after one of the fighters caught fire at Florida last week sources quoted to Reuters.According to the report, one of the sources said, "The engine ripped through the top of the plane"
NAMMO has won a three year Enabling Agreement by the UK Ministry of Defence for the demilitarization of ammunition. Under the agreement, the MoD will raise tasks for the demilitarization of natures of ammunition considered beyond normal service life
The UK Ministry of Defence (MoD) has awarded approximately £111m worth of new contracts to maintain its small boat fleet, which is used by the Royal Navy, Royal Marines, Army and MoD Police. Firms benefitting from the five-year contracts include Devonport Royal Dockyard, UK Dock Tyne Slipway & Eng, Berthon Boat, MPI Services (UK), Marine Specialised Tech, and BAE Systems Surface Ships
The United Kingdom is reportedly considering launching its own investigation against AgustaWestland in connection with the Indian VVIP helicopter deal. According to Exaronews
The UK Ministry of Defence will test protective suits and equipment in a new state-of-the-art robotic mannequin worth £1.1m for its Armed Forces
BAE Systems has revealed the successful first flight trials of Taranis, the stealthy unmanned combat vehicle, conducted last year. Taranis, named after the Celtic god of thunder, made its maiden flight at an undisclosed test range on Saturday 10th August 2013, under the command of BAE Systems test pilot Bob Fraser
David Cameron, the British Prime Minister will announce an investment of £1.1 billion in capabilities for the armed forces, UK Ministry of Defense reported on 14th July
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